Worth Financial Advisory Group LLC Acquires Shares of 637 Invesco QQQ (NASDAQ:QQQ)

Worth Financial Advisory Group LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 637 shares of the exchange traded fund’s stock, valued at approximately $326,000.

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

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $484.38 on Thursday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The business’s fifty day moving average price is $510.12 and its two-hundred day moving average price is $504.83. The stock has a market cap of $305.28 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid 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.