427 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Landing Point Financial Group LLC

Landing Point Financial Group LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, HoldingsChannel reports. The fund purchased 427 shares of the exchange traded fund’s stock, valued at approximately $226,000.

A number of other hedge funds have also recently made changes to their positions in the business. PayPay Securities Corp boosted 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 during the period. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter valued at $35,000. Roxbury Financial LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $51,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

Shares of Invesco QQQ stock opened at $443.82 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The stock has a 50 day moving average of $482.54 and a 200 day moving average of $501.19. The firm has a market cap of $284.56 billion, a PE ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued 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.