Aptus Capital Advisors LLC Buys 7,421 Shares of Invesco QQQ (NASDAQ:QQQ)

Aptus Capital Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 12.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 65,796 shares of the exchange traded fund’s stock after buying an additional 7,421 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Invesco QQQ were worth $33,637,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. PayPay Securities Corp lifted its stake in Invesco QQQ by 276.9% during the 4th 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 in the last quarter. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $36,000. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $37,000. Finally, Hoese & Co LLP increased its position in shares of Invesco QQQ by 32.3% during 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 last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $488.83 on Friday. The stock has a fifty day moving average price of $469.56 and a 200-day moving average price of $499.52. The firm has a market cap of $306.33 billion, a PE ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was 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.