LPF Advisors LLC Has $13.06 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

LPF Advisors LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,849 shares of the exchange traded fund’s stock after buying an additional 1,367 shares during the quarter. Invesco QQQ makes up approximately 10.7% of LPF Advisors LLC’s holdings, making the stock its 3rd largest holding. LPF Advisors LLC’s holdings in Invesco QQQ were worth $13,059,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. PayPay Securities Corp grew its position in shares of Invesco QQQ by 276.9% during 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 period. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the 4th quarter worth $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $51,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.0%

QQQ stock opened at $529.92 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The company has a market cap of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11. The business’s fifty day moving average is $483.20 and its 200-day moving average is $501.88.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors 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.