Steele Capital Management Inc. Increases Position in Invesco QQQ (NASDAQ:QQQ)

Steele Capital Management Inc. increased its position in Invesco QQQ (NASDAQ:QQQ) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,970 shares of the exchange traded fund’s stock after acquiring an additional 1,599 shares during the quarter. Invesco QQQ comprises about 5.1% of Steele Capital Management Inc.’s investment portfolio, making the stock its 6th biggest position. Steele Capital Management Inc.’s holdings in Invesco QQQ were worth $98,609,000 at the end of the most recent reporting period.

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

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $526.96 on Friday. The firm’s 50-day simple moving average is $492.58 and its 200-day simple moving average is $502.76. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm has a market cap of $330.22 billion, a P/E ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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