Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Triumph Capital Management

Triumph Capital Management lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,753 shares of the exchange traded fund’s stock after purchasing an additional 154 shares during the quarter. Invesco QQQ comprises about 1.5% of Triumph Capital Management’s investment portfolio, making the stock its 14th largest position. Triumph Capital Management’s holdings in Invesco QQQ were worth $4,475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $36,000. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $37,000. Finally, Hoese & Co LLP boosted its position 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 worth $42,000 after acquiring an additional 20 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ opened at $521.51 on Friday. The company’s 50 day simple moving average is $470.91 and its 200 day simple moving average is $500.03. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock has a market capitalization of $326.80 billion, a PE ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently announced 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.