Invesco QQQ (NASDAQ:QQQ) Shares Bought by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,754 shares of the exchange traded fund’s stock after buying an additional 2,242 shares during the quarter. Invesco QQQ comprises 3.1% of Transamerica Financial Advisors Inc.’s investment portfolio, making the stock its 3rd biggest holding. Transamerica Financial Advisors Inc.’s holdings in Invesco QQQ were worth $31,059,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. PayPay Securities Corp lifted its holdings 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 purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $37,000. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $51,000. Finally, Creative Capital Management Investments LLC raised its holdings in Invesco QQQ by 740.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.6 %

Shares of QQQ opened at $468.94 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The company’s fifty day moving average is $508.43 and its two-hundred day moving average is $504.77. The firm has a market cap of $295.55 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a $0.7157 dividend. 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.