Invesco QQQ (NASDAQ:QQQ) Shares Bought by Johnson & White Wealth Management LLC

Johnson & White Wealth Management LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,248 shares of the exchange traded fund’s stock after purchasing an additional 134 shares during the quarter. Johnson & White Wealth Management LLC’s holdings in Invesco QQQ were worth $585,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PayPay Securities Corp lifted its stake in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $51,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $528.77 on Thursday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The business’s 50-day simple moving average is $480.94 and its 200 day simple moving average is $501.53. The stock has a market cap of $339.92 billion, a price-to-earnings ratio of 32.66 and a beta of 1.18.

Invesco QQQ Cuts Dividend

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