Fiduciary Financial Group LLC Purchases 5,433 Shares of Invesco QQQ (NASDAQ:QQQ)

Fiduciary Financial Group LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 91.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,374 shares of the exchange traded fund’s stock after acquiring an additional 5,433 shares during the quarter. Invesco QQQ accounts for about 1.1% of Fiduciary Financial Group LLC’s holdings, making the stock its 24th largest position. Fiduciary Financial Group LLC’s holdings in Invesco QQQ were worth $5,075,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. PayPay Securities Corp raised its holdings 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 worth $25,000 after buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter valued at $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $51,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $530.70 on Tuesday. The stock has a fifty day moving average of $484.30 and a 200-day moving average of $502.02. The stock has a market capitalization of $332.56 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.