Okabena Investment Services Inc. purchased a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,031 shares of the exchange traded fund's stock, valued at approximately $1,550,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. PayPay Securities Corp lifted its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $37,000. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $51,000. Finally, Frazier Financial Advisors LLC grew its holdings in shares of Invesco QQQ by 1,288.9% during the 4th quarter. Frazier Financial Advisors LLC now owns 125 shares of the exchange traded fund's stock valued at $64,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
QQQ traded down $0.02 during trading on Monday, reaching $468.92. 50,820,070 shares of the stock traded hands, compared to its average volume of 35,135,267. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The stock's 50-day simple moving average is $508.43 and its two-hundred day simple moving average is $505.35. The stock has a market cap of $295.54 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is Monday, March 24th.
About Invesco QQQ
(
Free Report)
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.
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