Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Northstar Advisory Group LLC

Northstar Advisory Group LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 375.6% during the first quarter, Holdings Channel.com reports. The firm owned 604 shares of the exchange traded fund’s stock after buying an additional 477 shares during the quarter. Northstar Advisory Group LLC’s holdings in Invesco QQQ were worth $283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PayPay Securities Corp raised its position in shares of 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 buying an additional 36 shares during the period. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at $51,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.0%

Shares of Invesco QQQ stock opened at $529.92 on Monday. The firm has a market cap of $332.07 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The business’s fifty day simple moving average is $483.20 and its 200-day simple moving average is $501.85.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

Invesco QQQ 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.