Miller Financial Services LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Miller Financial Services LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, Holdings Channel reports. The firm bought 1,230 shares of the exchange traded fund’s stock, valued at approximately $629,000.

A number of other institutional investors have also recently bought and sold shares of QQQ. PayPay Securities Corp grew its holdings in shares of 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 buying an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP grew its holdings in shares of Invesco QQQ by 32.3% in the 4th 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 acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $51,000. Finally, Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 3.9 %

Shares of QQQ stock opened at $472.73 on Tuesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The firm has a market capitalization of $297.94 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The firm has a fifty day moving average of $517.98 and a 200-day moving average of $504.13.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders 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.