Invesco QQQ (NASDAQ:QQQ) Shares Bought by AFG Fiduciary Services Limited Partnership

AFG Fiduciary Services Limited Partnership increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 44.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,378 shares of the exchange traded fund's stock after purchasing an additional 4,700 shares during the quarter. Invesco QQQ accounts for 2.2% of AFG Fiduciary Services Limited Partnership's investment portfolio, making the stock its 4th biggest holding. AFG Fiduciary Services Limited Partnership's holdings in Invesco QQQ were worth $7,166,000 at the end of the most recent quarter.Strategists Say Hold: Stocks May Beat the 'Sell in May' TrendSeveral other institutional investors have also recently modified their holdings of QQQ. PayPay Securities Corp lifted its holdings 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 valued at $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter worth $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth $51,000. 44.58% of the stock is currently owned by institutional investors and hedge funds. Invesco QQQ Price PerformanceShares of QQQ stock opened at $524.79 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The firm has a market capitalization of $337.36 billion, a P/E ratio of 32.66 and a beta of 1.18. The company's fifty day moving average price is $482.06 and its two-hundred day moving average price is $501.70. Invesco QQQ Cuts DividendS&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th. Invesco QQQ Company Profile (Free Report)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.Recommended StoriesFive stocks we like better than Invesco QQQStock Splits, Do They Really Impact Investors?Is Meta Plotting a Stablecoin Comeback Years After Libra's Flop?Growth Stocks: What They Are, Examples and How to InvestSilver's Options Sizzle: Are Traders Betting on a Breakout?3 Healthcare Dividend Stocks to BuyAT&T: Is This Telecom Giant a Buy or a Bye for Your Portfolio?PayPal Stock: Too Cheap to Ignore, Too Strong to MissThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Invesco QQQ Right Now?Before you consider Invesco QQQ, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here