Pinnacle Wealth Planning Services Inc. Has $1.73 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 86.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,381 shares of the exchange traded fund's stock after purchasing an additional 1,571 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Invesco QQQ were worth $1,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. PayPay Securities Corp boosted its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $37,000. Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after acquiring an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $51,000. Finally, Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock valued at $59,000 after acquiring an additional 45 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.7 %

Shares of Invesco QQQ stock traded up $3.59 during trading on Friday, reaching $491.79. The company's stock had a trading volume of 54,649,747 shares, compared to its average volume of 34,845,187. The business's 50-day moving average price is $518.84 and its 200-day moving average price is $503.99. The firm has a market cap of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

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Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Profile

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.