Frazier Financial Advisors LLC Buys 116 Shares of Invesco QQQ (NASDAQ:QQQ)

Frazier Financial Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1,288.9% in the fourth quarter, HoldingsChannel reports. The firm owned 125 shares of the exchange traded fund’s stock after purchasing an additional 116 shares during the period. Frazier Financial Advisors LLC’s holdings in Invesco QQQ were worth $64,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in QQQ. PayPay Securities Corp grew its stake 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 valued at $25,000 after purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $37,000. Hoese & Co LLP grew its position in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $51,000. Finally, BNP Paribas acquired a new position in Invesco QQQ in the third quarter valued at approximately $62,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $481.62 on Friday. The firm has a fifty day moving average of $509.49 and a two-hundred day moving average of $504.67. The stock has a market capitalization of $303.54 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced 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.

Invesco QQQ Company 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.