GoalVest Advisory LLC Buys 696 Shares of Invesco QQQ (NASDAQ:QQQ)

GoalVest Advisory LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 202.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,040 shares of the exchange traded fund’s stock after acquiring an additional 696 shares during the quarter. GoalVest Advisory LLC’s holdings in Invesco QQQ were worth $487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. PayPay Securities Corp increased its stake in shares of 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 acquiring 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 valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $51,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $519.93 on Friday. The stock has a 50 day simple moving average of $477.59 and a 200 day simple moving average of $501.08. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The firm has a market capitalization of $325.81 billion, a PE ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.