Potentia Wealth purchased a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 857 shares of the exchange traded fund's stock, valued at approximately $438,000.
Other institutional investors also recently modified their holdings of the company. PayPay Securities Corp boosted 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 purchasing an additional 36 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $37,000. Hoese & Co LLP grew its holdings 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 valued at $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the fourth quarter valued at $51,000. Finally, BNP Paribas purchased a new stake in Invesco QQQ in the 3rd quarter worth about $62,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Down 2.0 %
NASDAQ:QQQ traded down $9.45 on Friday, hitting $472.18. 17,978,530 shares of the company's stock traded hands, compared to its average volume of 34,799,753. The company has a market cap of $297.59 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm has a 50-day moving average price of $509.49 and a 200-day moving average price of $504.67.
Invesco QQQ Cuts Dividend
The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given 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.
Featured Stories
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
