Invesco QQQ (NASDAQ:QQQ) Stake Raised by Visionary Wealth Advisors

Visionary Wealth Advisors lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,160 shares of the exchange traded fund’s stock after purchasing an additional 866 shares during the quarter. Visionary Wealth Advisors’ holdings in Invesco QQQ were worth $5,194,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of QQQ. PayPay Securities Corp boosted its holdings in 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 shares of Invesco QQQ during the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter worth $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth $37,000. Finally, Hoese & Co LLP raised its position in shares of Invesco QQQ by 32.3% during 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 during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4%

Shares of NASDAQ QQQ opened at $521.51 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company has a market cap of $326.80 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The business has a fifty day simple moving average of $470.91 and a 200-day simple moving average of $500.15.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. 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.