Everhart Financial Group Inc. Has $674,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Everhart Financial Group Inc. lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 3.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,437 shares of the exchange traded fund’s stock after selling 56 shares during the quarter. Everhart Financial Group Inc.’s holdings in Invesco QQQ were worth $674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. PayPay Securities Corp grew its holdings in 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 in the last quarter. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $51,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 1.3%

Shares of QQQ stock opened at $526.96 on Friday. The stock has a market cap of $330.22 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock has a 50 day simple moving average of $492.58 and a 200 day simple moving average of $502.76.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date 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.