Wellington Shields & Co. LLC Buys 240 Shares of Invesco QQQ (NASDAQ:QQQ)

Wellington Shields & Co. LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,751 shares of the exchange traded fund’s stock after acquiring an additional 240 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Invesco QQQ were worth $1,918,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC bought a new stake in Invesco QQQ in the fourth quarter valued at about $37,000. Hoese & Co LLP increased its stake in Invesco QQQ by 32.3% in the fourth 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 period. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ in the fourth quarter valued at about $51,000. Finally, Legacy Bridge LLC increased 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 valued at $59,000 after acquiring an additional 45 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.4 %

NASDAQ QQQ opened at $479.66 on Friday. The stock has a market cap of $302.31 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company’s 50-day simple moving average is $514.89 and its 200 day simple moving average is $503.66.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.