Seeds Investor LLC Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Seeds Investor LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 23.8% in the 4th quarter, Holdings Channel reports. The firm owned 3,393 shares of the exchange traded fund’s stock after purchasing an additional 652 shares during the period. Seeds Investor LLC’s holdings in Invesco QQQ were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. PayPay Securities Corp grew its stake 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 purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $37,000. Hoese & Co LLP grew its position in 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 buying an additional 20 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $51,000. Finally, Perritt Capital Management Inc acquired a new position in Invesco QQQ in the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $454.40 on Friday. The stock has a market capitalization of $283.95 billion, a PE ratio of 30.05 and a beta of 1.11. The company has a fifty day moving average of $490.33 and a 200-day moving average of $502.44. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed 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.