Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Waterloo Capital L.P.

Waterloo Capital L.P. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,583 shares of the exchange traded fund’s stock after acquiring an additional 166 shares during the period. Waterloo Capital L.P.’s holdings in Invesco QQQ were worth $4,899,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of QQQ. PayPay Securities Corp boosted its holdings 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 buying an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $37,000. Hoese & Co LLP increased 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 Invesco QQQ in the 4th quarter valued at $51,000. Finally, Perritt Capital Management Inc purchased a new position in Invesco QQQ in the 4th quarter valued at $61,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 6.2 %

Invesco QQQ stock opened at $422.67 on Friday. The company has a fifty day simple moving average of $501.45 and a 200-day simple moving average of $504.58. The firm has a market capitalization of $268.12 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders 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.