Measured Risk Portfolios Inc. Purchases New Position in Invesco QQQ (NASDAQ:QQQ)

Measured Risk Portfolios Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 555 shares of the exchange traded fund’s stock, valued at approximately $284,000.

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

Invesco QQQ Trading Up 4.1%

NASDAQ:QQQ opened at $507.85 on Tuesday. 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 $318.24 billion, a PE ratio of 28.58 and a beta of 1.11. The company has a 50 day simple moving average of $467.90 and a two-hundred day simple moving average of $499.45.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders 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.

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.