Invesco QQQ (NASDAQ:QQQ) Stock Holdings Raised by Regal Investment Advisors LLC

Regal Investment Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,741 shares of the exchange traded fund’s stock after acquiring an additional 1,378 shares during the period. Invesco QQQ comprises approximately 2.5% of Regal Investment Advisors LLC’s holdings, making the stock its 2nd largest position. Regal Investment Advisors LLC’s holdings in Invesco QQQ were worth $33,098,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes 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. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at about $37,000. Hoese & Co LLP lifted its stake 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 worth $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth approximately $51,000. Finally, Perritt Capital Management Inc bought a new stake in Invesco QQQ during the fourth quarter valued at approximately $61,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.7 %

Shares of QQQ stock opened at $457.48 on Tuesday. 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 $285.88 billion, a P/E ratio of 30.05 and a beta of 1.11. The company has a 50 day simple moving average of $488.94 and a two-hundred day simple moving average of $502.33.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

About Invesco QQQ

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.