CRA Financial Services LLC Raises Stake in Invesco QQQ (NASDAQ:QQQ)

CRA Financial Services LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,751 shares of the exchange traded fund’s stock after buying an additional 1,086 shares during the period. Invesco QQQ comprises 3.2% of CRA Financial Services LLC’s portfolio, making the stock its 5th largest holding. CRA Financial Services LLC’s holdings in Invesco QQQ were worth $18,640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. PayPay Securities Corp lifted its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares during the period. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $51,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.3%

Shares of QQQ stock opened at $526.96 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The stock has a market cap of $330.22 billion, a P/E ratio of 32.66 and a beta of 1.11. The company has a 50 day simple moving average of $492.58 and a two-hundred day simple moving average of $502.76.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.