AdvisorNet Financial Inc Purchases 1,479 Shares of Invesco QQQ (NASDAQ:QQQ)

AdvisorNet Financial Inc increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,429 shares of the exchange traded fund’s stock after acquiring an additional 1,479 shares during the period. Invesco QQQ comprises approximately 0.8% of AdvisorNet Financial Inc’s portfolio, making the stock its 29th biggest holding. AdvisorNet Financial Inc’s holdings in Invesco QQQ were worth $10,518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. PayPay Securities Corp boosted 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 acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ during the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the fourth quarter worth $51,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $519.93 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock’s fifty day moving average price is $477.59 and its two-hundred day moving average price is $501.08. The firm has a market cap of $325.81 billion, a PE ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company 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 was Monday, March 24th.

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.