Berkshire Asset Management LLC PA Makes New $978,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Berkshire Asset Management LLC PA acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, Holdings Channel reports. The firm acquired 1,847 shares of the exchange traded fund’s stock, valued at approximately $978,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. PayPay Securities Corp raised its stake in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $37,000. Hoese & Co LLP lifted its stake in 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 last quarter. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the fourth quarter worth approximately $51,000. Finally, Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.7 %

QQQ stock opened at $491.79 on Friday. The stock has a market cap of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company’s 50 day moving average is $518.84 and its two-hundred day moving average is $503.83.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ 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.