Beta Wealth Group Inc. Takes $204,000 Position in Invesco QQQ (NASDAQ:QQQ)

Beta Wealth Group Inc. acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 400 shares of the exchange traded fund’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. PayPay Securities Corp increased 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 acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $37,000. Hoese & Co LLP grew its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the last quarter. Finally, BNP Paribas purchased a new stake in Invesco QQQ during the third quarter valued at $62,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $538.15 on Tuesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The stock’s 50 day simple moving average is $522.38 and its two-hundred day simple moving average is $498.34.

Invesco QQQ Announces Dividend

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

Invesco QQQ 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.