Savvy Advisors Inc. Increases Holdings in Invesco QQQ (NASDAQ:QQQ)

Savvy Advisors Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,531 shares of the exchange traded fund's stock after purchasing an additional 1,010 shares during the period. Invesco QQQ accounts for approximately 0.7% of Savvy Advisors Inc.'s investment portfolio, making the stock its 22nd largest holding. Savvy Advisors Inc.'s holdings in Invesco QQQ were worth $5,895,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. PayPay Securities Corp increased its position in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $37,000. Hoese & Co LLP increased 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 acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $51,000. Finally, Perritt Capital Management Inc acquired a new stake in Invesco QQQ in the 4th quarter worth approximately $61,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $0.51 during trading hours on Tuesday, hitting $457.99. 34,678,759 shares of the company were exchanged, compared to its average volume of 36,707,985. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock has a market capitalization of $286.20 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. The company's 50 day moving average price is $487.51 and its 200-day moving average price is $502.02.

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Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend 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.