NewSquare Capital LLC Invests $786,000 in Invesco QQQ (NASDAQ:QQQ)

NewSquare Capital LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,538 shares of the exchange traded fund’s stock, valued at approximately $786,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PayPay Securities Corp grew its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $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 fourth quarter worth approximately $37,000. Hoese & Co LLP grew its holdings 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 purchasing an additional 20 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $51,000. Finally, Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $502.01 on Thursday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The stock has a market capitalization of $316.39 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The company’s 50 day moving average price is $520.28 and its 200-day moving average price is $503.86.

Invesco QQQ Dividend Announcement

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