Invesco QQQ (NASDAQ:QQQ) Shares Bought by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 86.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,381 shares of the exchange traded fund’s stock after acquiring an additional 1,571 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Invesco QQQ were worth $1,728,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. PayPay Securities Corp raised its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP raised its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $51,000. Finally, Legacy Bridge LLC raised its stake in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $502.01 on Thursday. The company has a market cap of $316.39 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The stock has a 50 day simple moving average of $520.28 and a 200-day simple moving average of $503.86. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Announces Dividend

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