Trek Financial LLC boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,773 shares of the exchange traded fund's stock after acquiring an additional 3,800 shares during the quarter. Invesco QQQ accounts for approximately 1.0% of Trek Financial LLC's portfolio, making the stock its 22nd largest holding. Trek Financial LLC's holdings in Invesco QQQ were worth $13,176,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in QQQ. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% during the fourth 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 during the last quarter. Roxbury Financial LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP increased its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $51,000. Finally, Perritt Capital Management Inc purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $61,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded down $18.88 during mid-day trading on Thursday, hitting $447.12. The stock had a trading volume of 76,056,291 shares, compared to its average volume of 36,830,344. The business has a 50 day moving average price of $493.17 and a two-hundred day moving average price of $502.94. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The firm has a market cap of $283.39 billion, a P/E ratio of 30.05 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently announced 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 is Monday, March 24th.
Invesco QQQ Profile
(
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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