Invesco QQQ (NASDAQ:QQQ) Shares Bought by Georgetown University

Georgetown University increased its stake in Invesco QQQ (NASDAQ:QQQ) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 184,204 shares of the exchange traded fund’s stock after buying an additional 549 shares during the period. Invesco QQQ makes up approximately 27.7% of Georgetown University’s holdings, making the stock its biggest position. Georgetown University’s holdings in Invesco QQQ were worth $94,171,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. PayPay Securities Corp lifted its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth about $36,000. Roxbury Financial LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $37,000. Finally, Hoese & Co LLP grew its stake in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $488.05 on Friday. The company has a 50 day simple moving average of $467.78 and a 200-day simple moving average of $499.24. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The firm has a market capitalization of $305.84 billion, a price-to-earnings 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 given a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ Company 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.