Wellington Shields & Co. LLC Purchases 240 Shares of Invesco QQQ (NASDAQ:QQQ)

Wellington Shields & Co. LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,751 shares of the exchange traded fund’s stock after buying an additional 240 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Invesco QQQ were worth $1,918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of QQQ. PayPay Securities Corp lifted its position 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. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $37,000. Hoese & Co LLP lifted its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $51,000. Finally, Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 2.4 %

Shares of QQQ stock opened at $479.66 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm’s 50 day moving average is $514.89 and its 200-day moving average is $503.66. The firm has a market capitalization of $302.31 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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

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.