Invesco QQQ (NASDAQ:QQQ) Stake Lifted by Advisor OS LLC

Advisor OS LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,504 shares of the exchange traded fund’s stock after purchasing an additional 344 shares during the period. Advisor OS LLC’s holdings in Invesco QQQ were worth $2,814,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in QQQ. PayPay Securities Corp grew its holdings in shares of 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 acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $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 in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $51,000. Finally, Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $513.32 on Wednesday. The firm has a market capitalization of $326.50 billion, a P/E ratio of 33.43 and a beta of 1.09. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The company’s 50 day simple moving average is $522.57 and its 200-day simple moving average is $502.54.

Invesco QQQ Dividend Announcement

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

About Invesco QQQ

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.