Redhawk Wealth Advisors Inc. Purchases 1,063 Shares of Invesco QQQ (NASDAQ:QQQ)

Redhawk Wealth Advisors Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ) by 10.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,416 shares of the exchange traded fund’s stock after acquiring an additional 1,063 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $5,353,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. PayPay Securities Corp boosted its position in Invesco QQQ by 276.9% during the 4th 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 in the last quarter. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $51,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.7%

Shares of QQQ stock opened at $534.21 on Wednesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company’s fifty day moving average price is $485.97 and its 200-day moving average price is $502.25. The stock has a market cap of $334.76 billion, a PE ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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