Ndwm LLC Has $2.95 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Ndwm LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,765 shares of the exchange traded fund’s stock after selling 363 shares during the quarter. Invesco QQQ accounts for approximately 2.5% of Ndwm LLC’s investment portfolio, making the stock its 8th largest holding. Ndwm LLC’s holdings in Invesco QQQ were worth $2,947,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. PayPay Securities Corp grew 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 Invesco QQQ during the fourth quarter worth about $37,000. Hoese & Co LLP boosted 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 bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $51,000. Finally, Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 60.0% during the 3rd 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 in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $513.32 on Wednesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The stock has a 50 day simple moving average of $522.57 and a two-hundred day simple moving average of $502.54. The firm has a market cap of $326.50 billion, a P/E ratio of 33.43 and a beta of 1.09.

Invesco QQQ Announces Dividend

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