Invesco QQQ (NASDAQ:QQQ) Stock Position Raised by Wambolt & Associates LLC

Wambolt & Associates LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 31.9% in the fourth quarter, HoldingsChannel reports. The firm owned 810 shares of the exchange traded fund’s stock after purchasing an additional 196 shares during the period. Wambolt & Associates LLC’s holdings in Invesco QQQ were worth $414,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. PayPay Securities Corp lifted its position in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the 4th quarter worth about $37,000. Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the period. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $51,000. Finally, Creative Capital Management Investments LLC increased its holdings in shares of Invesco QQQ by 740.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $490.66 on Tuesday. 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 $309.24 billion, a PE ratio of 30.74 and a beta of 1.11. The company’s 50 day moving average price is $511.00 and its 200 day moving average price is $504.66.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

Invesco QQQ Company 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.