Steward Partners Investment Advisory LLC Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Steward Partners Investment Advisory LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 279,334 shares of the exchange traded fund’s stock after acquiring an additional 1,749 shares during the period. Invesco QQQ makes up 1.3% of Steward Partners Investment Advisory LLC’s portfolio, making the stock its 9th largest holding. Steward Partners Investment Advisory LLC’s holdings in Invesco QQQ were worth $142,804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. PayPay Securities Corp increased 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 buying an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $37,000. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $51,000. Finally, Legacy Bridge LLC lifted its stake 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 last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $497.05 on Tuesday. The company has a market cap of $313.27 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm has a 50-day simple moving average of $521.53 and a two-hundred day simple moving average of $503.73.

Invesco QQQ Announces Dividend

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