Private Portfolio Partners LLC Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Private Portfolio Partners LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,758 shares of the exchange traded fund’s stock after buying an additional 130 shares during the quarter. Invesco QQQ makes up about 1.3% of Private Portfolio Partners LLC’s investment portfolio, making the stock its 15th largest position. Private Portfolio Partners LLC’s holdings in Invesco QQQ were worth $7,034,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. PayPay Securities Corp lifted its stake in 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 purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $37,000. Hoese & Co LLP lifted its position in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, Frazier Financial Advisors LLC grew its holdings in Invesco QQQ by 1,288.9% during the 4th quarter. Frazier Financial Advisors LLC now owns 125 shares of the exchange traded fund’s stock valued at $64,000 after buying an additional 116 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $472.70 on Wednesday. The company has a market cap of $299.86 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The stock’s 50 day simple moving average is $506.34 and its two-hundred day simple moving average is $505.30.

Invesco QQQ Cuts Dividend

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