Tucker Asset Management LLC Acquires 3,903 Shares of Invesco QQQ (NASDAQ:QQQ)

Tucker Asset Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,682 shares of the exchange traded fund’s stock after purchasing an additional 3,903 shares during the quarter. Invesco QQQ accounts for about 3.7% of Tucker Asset Management LLC’s portfolio, making the stock its 4th largest holding. Tucker Asset Management LLC’s holdings in Invesco QQQ were worth $35,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. PayPay Securities Corp boosted its stake 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 purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP grew its holdings 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 acquiring an additional 20 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at $51,000. Finally, Creative Capital Management Investments LLC lifted its holdings in shares of Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.6 %

NASDAQ QQQ opened at $468.94 on Friday. The company has a market capitalization of $295.55 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The stock has a fifty day simple moving average of $508.43 and a 200 day simple moving average of $504.77.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is 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.