Beverly Hills Private Wealth LLC Buys 265 Shares of Invesco QQQ (NASDAQ:QQQ)

Beverly Hills Private Wealth LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 994 shares of the exchange traded fund’s stock after acquiring an additional 265 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Invesco QQQ were worth $508,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PayPay Securities Corp increased its holdings 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 worth $25,000 after buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter valued at $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ in the 4th quarter valued at $37,000. Finally, Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% in the fourth 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. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $488.83 on Monday. The business has a fifty day moving average of $469.56 and a 200-day moving average of $499.64. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm has a market cap of $306.33 billion, a PE ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.