Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Shelton Capital Management

Shelton Capital Management grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 18.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,794 shares of the exchange traded fund’s stock after acquiring an additional 1,500 shares during the period. Shelton Capital Management’s holdings in Invesco QQQ were worth $5,007,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. PayPay Securities Corp lifted its position 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 valued at $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $37,000. Hoese & Co LLP increased its holdings in shares of Invesco QQQ by 32.3% in 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 period. Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $51,000. Finally, Perritt Capital Management Inc acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $61,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $416.06 on Wednesday. The company has a market capitalization of $263.70 billion, a PE ratio of 30.05 and a beta of 1.11. The company’s 50 day moving average price is $495.43 and its 200 day moving average price is $503.31. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date 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.