Teamwork Financial Advisors LLC lifted its stake in shares of Invesco QQQ (Free Report) by 129.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,168 shares of the exchange traded fund's stock after acquiring an additional 1,222 shares during the period. Teamwork Financial Advisors LLC's holdings in Invesco QQQ were worth $1,017,000 as of its most recent SEC filing. 2t505m
Several other large investors have also modified their holdings of the stock. PayPay Securities Corp raised its holdings in Invesco QQQ by 276.9% in the fourth 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 valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $36,000. Roxbury Financial LLC purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $51,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of QQQ traded up $5.13 during mid-day trading on Friday, reaching $529.92. 42,389,151 shares of the stock traded hands, compared to its average volume of 38,061,714. The firm has a market cap of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The stock has a fifty day simple moving average of $483.20 and a 200 day simple moving average of $501.88. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
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.
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