Charter Oak Capital Management LLC Buys 70 Shares of Invesco QQQ (NASDAQ:QQQ)

Charter Oak Capital Management LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,821 shares of the exchange traded fund’s stock after purchasing an additional 70 shares during the period. Charter Oak Capital Management LLC’s holdings in Invesco QQQ were worth $854,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of QQQ. PayPay Securities Corp boosted its stake in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ during the fourth quarter worth about $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ during the fourth quarter worth about $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in Invesco QQQ during the fourth quarter worth about $51,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $529.92 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company’s 50-day simple moving average is $483.20 and its 200 day simple moving average is $501.87. 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 firm also recently disclosed 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 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.