Invesco QQQ (NASDAQ:QQQ) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 36,014 shares of the exchange traded fund’s stock after purchasing an additional 368 shares during the quarter. Invesco QQQ accounts for about 4.7% of Truvestments Capital LLC’s investment portfolio, making the stock its 3rd biggest holding. Truvestments Capital LLC’s holdings in Invesco QQQ were worth $18,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of QQQ. SOA Wealth Advisors LLC. boosted its position in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares during the last quarter. Pettinga Financial Advisors LLC boosted its position in Invesco QQQ by 13.6% during the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after purchasing an additional 1,854 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Invesco QQQ during the third quarter valued at approximately $91,000. First National Trust Co boosted its position in Invesco QQQ by 1.2% during the third quarter. First National Trust Co now owns 7,005 shares of the exchange traded fund’s stock valued at $3,419,000 after purchasing an additional 86 shares during the last quarter. Finally, WealthPlan Investment Management LLC boosted its position in Invesco QQQ by 1,040.1% during the third quarter. WealthPlan Investment Management LLC now owns 11,150 shares of the exchange traded fund’s stock valued at $5,442,000 after purchasing an additional 10,172 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.2 %

QQQ opened at $471.60 on Wednesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The stock has a market cap of $297.23 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The business has a 50 day moving average of $517.19 and a 200-day moving average of $504.07.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.