Main Street Research LLC Purchases 433 Shares of Invesco QQQ (NASDAQ:QQQ)

Main Street Research LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 72.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,029 shares of the exchange traded fund’s stock after acquiring an additional 433 shares during the quarter. Main Street Research LLC’s holdings in Invesco QQQ were worth $526,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. PayPay Securities Corp boosted its holdings in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $37,000. Hoese & Co LLP boosted 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 purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $51,000. Finally, Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

NASDAQ QQQ opened at $491.79 on Monday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The company has a fifty day simple moving average of $518.84 and a two-hundred day simple moving average of $504.14. The stock has a market cap of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. 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.