Element Wealth LLC Trims Position in Invesco QQQ (NASDAQ:QQQ)

Element Wealth LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 8.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,603 shares of the exchange traded fund’s stock after selling 337 shares during the quarter. Invesco QQQ accounts for about 1.0% of Element Wealth LLC’s portfolio, making the stock its 23rd largest holding. Element Wealth LLC’s holdings in Invesco QQQ were worth $1,842,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp raised its position in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP grew its stake in shares of 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 purchasing an additional 20 shares during the period. Legacy Bridge LLC grew its stake 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 worth $59,000 after purchasing an additional 45 shares during the period. Finally, Creative Capital Management Investments LLC grew its stake in shares of Invesco QQQ by 740.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 111 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 2.1 %

Shares of NASDAQ QQQ opened at $526.08 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The firm’s 50 day simple moving average is $523.39 and its 200-day simple moving average is $500.70.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.