PKS Advisory Services LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

PKS Advisory Services LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 44,777 shares of the exchange traded fund's stock, valued at approximately $22,892,000. Invesco QQQ accounts for approximately 6.2% of PKS Advisory Services LLC's holdings, making the stock its 2nd biggest holding.

Several other large investors also recently made changes to their positions in the stock. PayPay Securities Corp increased its holdings in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $37,000. Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth about $51,000. Finally, Creative Capital Management Investments LLC raised its position in Invesco QQQ by 740.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund's stock valued at $64,000 after buying an additional 111 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $9.45 during trading hours on Friday, reaching $472.18. 17,978,530 shares of the stock were exchanged, compared to its average volume of 34,799,753. The stock has a market cap of $297.59 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The firm has a 50 day moving average of $509.49 and a 200 day moving average of $504.67.

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Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

Invesco QQQ Company 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.