RWA Wealth Partners LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 319.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,510 shares of the exchange traded fund's stock after buying an additional 26,280 shares during the period. RWA Wealth Partners LLC's holdings in Invesco QQQ were worth $17,643,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. PayPay Securities Corp raised its position in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP raised its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, Creative Capital Management Investments LLC boosted its holdings in Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund's stock worth $64,000 after buying an additional 111 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded up $5.88 during trading on Wednesday, hitting $478.58. The company had a trading volume of 21,969,249 shares, compared to its average volume of 35,101,595. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The business's 50-day moving average is $506.34 and its 200 day moving average is $505.30. The company has a market cap of $303.59 billion, a P/E ratio of 30.05 and a beta of 1.18.
Invesco QQQ Cuts Dividend
The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.
About Invesco QQQ
(
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.
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