Full Sail Capital LLC Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Full Sail Capital LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 13.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,452 shares of the exchange traded fund’s stock after purchasing an additional 170 shares during the quarter. Full Sail Capital LLC’s holdings in Invesco QQQ were worth $742,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. PayPay Securities Corp boosted its stake in 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 buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ during the 4th quarter valued at about $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $37,000. Finally, Hoese & Co LLP grew its holdings in shares of Invesco QQQ by 32.3% in the fourth 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. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $488.05 on Friday. The firm’s 50-day moving average is $467.78 and its two-hundred day moving average is $499.24. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company has a market capitalization of $305.84 billion, a PE ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given 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.