Aire Advisors LLC Acquires 276 Shares of Invesco QQQ (NASDAQ:QQQ)

Aire Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,375 shares of the exchange traded fund’s stock after purchasing an additional 276 shares during the quarter. Aire Advisors LLC’s holdings in Invesco QQQ were worth $2,237,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in QQQ. PayPay Securities Corp boosted 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 bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $37,000. Hoese & Co LLP raised 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 during the period. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $51,000. Finally, Creative Capital Management Investments LLC grew its position in shares of Invesco QQQ by 740.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.0 %

Shares of QQQ stock opened at $490.66 on Tuesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The firm has a fifty day moving average of $511.00 and a 200-day moving average of $504.66. The company has a market capitalization of $309.24 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

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.