Trueblood Wealth Management LLC Buys 105 Shares of Invesco QQQ (NASDAQ:QQQ)

Trueblood Wealth Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 16.6% in the first quarter, HoldingsChannel reports. The firm owned 737 shares of the exchange traded fund’s stock after purchasing an additional 105 shares during the period. Trueblood Wealth Management LLC’s holdings in Invesco QQQ were worth $346,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. PayPay Securities Corp boosted its position in shares of Invesco QQQ by 276.9% during the fourth 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 last quarter. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ in the fourth quarter valued at $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $51,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $532.41 on Thursday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The firm has a market cap of $333.63 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The business’s fifty day moving average is $488.16 and its 200 day moving average is $502.45.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.