Matauro LLC Purchases 680 Shares of Invesco QQQ (NASDAQ:QQQ)

Matauro LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 7.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 10,270 shares of the exchange traded fund’s stock after buying an additional 680 shares during the quarter. Invesco QQQ makes up about 1.0% of Matauro LLC’s portfolio, making the stock its 19th largest position. Matauro LLC’s holdings in Invesco QQQ were worth $4,816,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in QQQ. PayPay Securities Corp grew its position 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 purchased a new position in shares of Invesco QQQ in the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter worth about $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $51,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.3%

NASDAQ QQQ opened at $526.96 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The stock has a 50-day moving average of $492.58 and a 200-day moving average of $502.76. The firm has a market cap of $330.22 billion, a PE ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

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.