Procyon Advisors LLC Has $1.98 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Procyon Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 20.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,224 shares of the exchange traded fund’s stock after selling 1,054 shares during the quarter. Procyon Advisors LLC’s holdings in Invesco QQQ were worth $1,981,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of QQQ. PayPay Securities Corp raised its holdings in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ in the fourth quarter worth about $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $51,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.0%

QQQ opened at $529.92 on Friday. The business has a 50 day moving average of $483.20 and a 200-day moving average of $501.88. The stock has a market capitalization of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. 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.