11,447 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by JPL Wealth Management LLC

JPL Wealth Management LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,447 shares of the exchange traded fund's stock, valued at approximately $5,852,000. Invesco QQQ comprises 1.7% of JPL Wealth Management LLC's holdings, making the stock its 14th biggest holding.

Other large investors have also added to or reduced their stakes in the company. PayPay Securities Corp grew its holdings in shares of 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 during the period. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP raised its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, Legacy Bridge LLC grew its stake 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 valued at $59,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 1.8 %

NASDAQ:QQQ traded down $8.58 during midday trading on Thursday, hitting $468.34. The stock had a trading volume of 46,159,744 shares, compared to its average volume of 35,097,871. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The company has a market capitalization of $295.17 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The stock has a 50-day moving average of $515.67 and a 200 day moving average of $503.63.

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Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. 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.