Joule Financial LLC Acquires 84 Shares of Invesco QQQ (NASDAQ:QQQ)

Joule Financial LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,553 shares of the exchange traded fund’s stock after purchasing an additional 84 shares during the quarter. Invesco QQQ comprises approximately 1.2% of Joule Financial LLC’s holdings, making the stock its 12th largest position. Joule Financial LLC’s holdings in Invesco QQQ were worth $3,542,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. PayPay Securities Corp boosted its position in shares of Invesco QQQ by 276.9% in 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 during the period. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the 4th quarter valued at $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the 4th quarter worth $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the 4th quarter worth $51,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $529.92 on Friday. The company has a 50-day simple moving average of $483.20 and a 200-day simple moving average of $501.88. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The firm has a market capitalization of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date 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.