Truvestments Capital LLC Purchases 368 Shares of Invesco QQQ (NASDAQ:QQQ)

Truvestments Capital LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,014 shares of the exchange traded fund’s stock after acquiring an additional 368 shares during the quarter. Invesco QQQ comprises about 4.7% of Truvestments Capital LLC’s investment portfolio, making the stock its 3rd largest position. Truvestments Capital LLC’s holdings in Invesco QQQ were worth $18,411,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. PayPay Securities Corp increased its holdings 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 purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $37,000. Hoese & Co LLP increased 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 acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $51,000. Finally, Legacy Bridge LLC increased 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 acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $471.60 on Wednesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The business has a 50-day moving average of $517.19 and a two-hundred day moving average of $504.07. The company has a market capitalization of $297.23 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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

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.