Transce3nd LLC Purchases Shares of 8,931 Invesco QQQ (NASDAQ:QQQ)

Transce3nd LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,931 shares of the exchange traded fund’s stock, valued at approximately $4,566,000. Invesco QQQ comprises approximately 1.5% of Transce3nd LLC’s holdings, making the stock its 12th largest position.

Other hedge funds have also recently made changes to their positions in the company. PayPay Securities Corp raised its position in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth $35,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $37,000. Hoese & Co LLP grew its position in 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 in the last quarter. Finally, Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at about $51,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.1 %

Shares of NASDAQ QQQ opened at $443.82 on Friday. The company has a market capitalization of $284.56 billion, a PE ratio of 30.05 and a beta of 1.11. The stock’s 50 day moving average price is $482.54 and its 200-day moving average price is $501.19. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders 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.