Trek Financial LLC Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Trek Financial LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,773 shares of the exchange traded fund’s stock after buying an additional 3,800 shares during the quarter. Invesco QQQ accounts for about 1.0% of Trek Financial LLC’s investment portfolio, making the stock its 22nd largest position. Trek Financial LLC’s holdings in Invesco QQQ were worth $13,176,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its position 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 buying an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP raised its stake in Invesco QQQ by 32.3% during the 4th 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 period. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, Perritt Capital Management Inc bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $61,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $422.67 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The company’s fifty day moving average price is $501.45 and its 200-day moving average price is $504.58. The company has a market capitalization of $268.12 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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.