Invesco QQQ $QQQ Shares Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,423 shares of the exchange traded fund’s stock after purchasing an additional 2,893 shares during the quarter. Invesco QQQ comprises approximately 2.5% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 8th largest holding. Newbridge Financial Services Group Inc.’s holdings in Invesco QQQ were worth $16,232,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of QQQ. Goodman Advisory Group LLC purchased a new position in Invesco QQQ during the 3rd quarter worth $25,000. Shcp LLC purchased a new position in Invesco QQQ during the 3rd quarter worth $27,000. Navigoe LLC boosted its holdings in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 45 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Invesco QQQ during the 3rd quarter worth $40,000. Finally, PayPay Securities Corp boosted its holdings in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 30 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.6%

QQQ opened at $588.50 on Tuesday. The firm’s fifty day moving average price is $601.34 and its two-hundred day moving average price is $609.38. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 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.