Invesco QQQ (NASDAQ:QQQ) Stock Position Boosted by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 49.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,013 shares of the exchange traded fund's stock after purchasing an additional 12,639 shares during the period. Invesco QQQ accounts for approximately 8.0% of Prosperity Wealth Management Inc.'s investment portfolio, making the stock its 2nd largest holding. Prosperity Wealth Management Inc.'s holdings in Invesco QQQ were worth $19,433,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp lifted its holdings 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 worth $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $37,000. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $51,000. Finally, Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.2 %

Invesco QQQ stock opened at $471.60 on Wednesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The company has a market capitalization of $297.23 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The stock has a 50-day moving average price of $517.19 and a 200 day moving average price of $504.07.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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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