Destiny Capital Corp CO Acquires 11,695 Shares of Invesco QQQ (NASDAQ:QQQ)

Destiny Capital Corp CO increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 70.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,234 shares of the exchange traded fund’s stock after acquiring an additional 11,695 shares during the quarter. Invesco QQQ makes up approximately 9.0% of Destiny Capital Corp CO’s holdings, making the stock its 4th biggest holding. Destiny Capital Corp CO’s holdings in Invesco QQQ were worth $13,239,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PayPay Securities Corp grew its position 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 purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ in the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the 4th quarter worth about $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ in the 4th quarter worth about $37,000. Finally, Midwest Capital Advisors LLC bought a new position in Invesco QQQ in the 4th quarter worth about $51,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $526.96 on Friday. The firm has a 50 day simple moving average of $492.58 and a 200-day simple moving average of $502.76. The stock has a market capitalization of $330.22 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was 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.