SRS Capital Advisors Inc. Has $38.54 Million Position in Invesco QQQ (NASDAQ:QQQ)

SRS Capital Advisors Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,380 shares of the exchange traded fund’s stock after acquiring an additional 4,017 shares during the period. Invesco QQQ comprises 2.4% of SRS Capital Advisors Inc.’s portfolio, making the stock its 6th largest position. SRS Capital Advisors Inc.’s holdings in Invesco QQQ were worth $38,536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. PayPay Securities Corp grew 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 worth $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the fourth quarter worth about $37,000. Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the fourth quarter worth about $51,000. Finally, Legacy Bridge LLC grew its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 1.6 %

NASDAQ:QQQ opened at $508.30 on Friday. The company’s 50 day moving average price is $522.05 and its 200-day moving average price is $503.28. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The stock has a market cap of $320.36 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Company 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.