PFG Advisors decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 81,056 shares of the exchange traded fund's stock after selling 2,665 shares during the period. Invesco QQQ accounts for about 2.5% of PFG Advisors' portfolio, making the stock its 3rd largest position. PFG Advisors' holdings in Invesco QQQ were worth $41,438,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. PayPay Securities Corp boosted its stake 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 in the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the 4th quarter worth approximately $51,000. Finally, Legacy Bridge LLC boosted its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
QQQ stock traded up $5.32 during trading on Wednesday, reaching $476.92. The company had a trading volume of 46,633,886 shares, compared to its average volume of 35,064,599. The firm has a 50-day simple moving average of $517.19 and a 200-day simple moving average of $504.07. The company has a market cap of $300.58 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.
The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.
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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