Toews Corp ADV Acquires Shares of 401 Invesco QQQ (NASDAQ:QQQ)

Toews Corp ADV acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 401 shares of the exchange traded fund’s stock, valued at approximately $205,000. Invesco QQQ comprises 0.1% of Toews Corp ADV’s holdings, making the stock its 9th largest position.

Other institutional investors have also modified their holdings of the company. PayPay Securities Corp increased its stake in shares of Invesco QQQ by 276.9% in the 4th 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. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP increased 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 worth $42,000 after buying an additional 20 shares in the last quarter. Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares in the last quarter. Finally, BNP Paribas purchased a new stake in Invesco QQQ during the 3rd quarter worth approximately $62,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.1 %

NASDAQ:QQQ opened at $526.08 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a 50 day moving average of $523.39 and a two-hundred day moving average of $501.12.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.