Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Regatta Capital Group LLC

Regatta Capital Group LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,772 shares of the exchange traded fund’s stock after buying an additional 82 shares during the quarter. Regatta Capital Group LLC’s holdings in Invesco QQQ were worth $831,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PayPay Securities Corp grew 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 buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ in the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the 4th quarter worth approximately $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ in the 4th quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC bought a new position in Invesco QQQ in the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $530.70 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm has a market capitalization of $332.56 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The business has a 50 day simple moving average of $484.30 and a 200 day simple moving average of $502.02.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.