White Wing Wealth Management Buys 705 Shares of Invesco QQQ (NASDAQ:QQQ)

White Wing Wealth Management increased its stake in Invesco QQQ (NASDAQ:QQQ) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,661 shares of the exchange traded fund’s stock after acquiring an additional 705 shares during the quarter. Invesco QQQ comprises 8.6% of White Wing Wealth Management’s holdings, making the stock its 4th largest holding. White Wing Wealth Management’s holdings in Invesco QQQ were worth $11,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. PayPay Securities Corp lifted its stake 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 acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $37,000. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% in 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 period. Finally, BNP Paribas acquired a new position in Invesco QQQ in the third quarter valued at approximately $62,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ opened at $537.23 on Friday. 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 price is $523.48 and its two-hundred day moving average price is $500.07.

Invesco QQQ Announces Dividend

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

Invesco QQQ Profile

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.