Guardian Partners Inc. Invests in Invesco QQQ

Guardian Partners Inc. made a new investment in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, as revealed in their latest Form 13F filed with the Securities and Exchange Commission. The firm acquired 700 shares of this exchange traded fund, which is valued at approximately $361,000.

Investor Activity in Invesco QQQ

Several other institutional investors and hedge funds have also altered their positions in Invesco QQQ recently. PayPay Securities Corp significantly increased its stake by 276.9% during the fourth quarter, bringing their total to 49 shares valued at $25,000, after adding 36 more shares during this time. Roxbury Financial LLC entered the scene with a new investment in Invesco QQQ, worth $37,000.

Additionally, Hoese & Co LLP raised its position in the fund by 32.3%, now holding 82 shares worth $42,000 after purchasing an extra 20 shares last quarter. Similarly, Midwest Capital Advisors LLC also made a new investment valued at $51,000. Creative Capital Management Investments LLC saw the most drastic increase, raising its position by 740.0%, resulting in ownership of 126 shares valued at $64,000 after acquiring 111 new shares.

Overall, institutional investors and hedge funds collectively own approximately 44.58% of Invesco QQQ’s stock.

Stock Performance of Invesco QQQ

The shares of Invesco QQQ opened at $480.84 on Monday, currently boasting a market capitalization of $303.05 billion. The stock has a price-to-earnings (PE) ratio of 30.74, with a beta of 1.11. Performance-wise, the stock's 52-week low stands at $413.07 while the high is at $540.81. Its fifty-day moving average is $511.30, alongside a 200-day moving average of $504.45.

Invesco QQQ Overview

The Invesco QQQ Trust, Series 1, is a unit investment trust that manages securities known as Nasdaq-100 Index Tracking Stocks. The primary objective of this trust is to deliver investment results that closely align with the price and yield performance of the Nasdaq-100 Index. This allows investors to acquire units of beneficial interest that represent proportionate undivided interests in the portfolio of securities held by the trust, which includes almost all securities in the same weighting as those in the Nasdaq-100 Index.

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