Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Florida Financial Advisors LLC

Florida Financial Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,402 shares of the exchange traded fund’s stock after purchasing an additional 1,766 shares during the quarter. Invesco QQQ comprises about 5.1% of Florida Financial Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Florida Financial Advisors LLC’s holdings in Invesco QQQ were worth $11,453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. PayPay Securities Corp increased its holdings 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 worth $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at $37,000. Hoese & Co LLP raised its position in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $51,000. Finally, BNP Paribas bought a new stake in shares of Invesco QQQ during the 3rd quarter worth about $62,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $490.66 on Tuesday. The firm has a market cap of $309.24 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm’s 50-day simple moving average is $511.00 and its 200 day simple moving average is $504.66.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date of this dividend is 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.