Invesco QQQ (NASDAQ:QQQ) Holdings Lessened by Financial Network Wealth Management LLC

Financial Network Wealth Management LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,164 shares of the exchange traded fund’s stock after selling 958 shares during the period. Invesco QQQ comprises 4.4% of Financial Network Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Financial Network Wealth Management LLC’s holdings in Invesco QQQ were worth $12,353,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in QQQ. PayPay Securities Corp grew its holdings 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 acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the 4th quarter worth $37,000. Hoese & Co LLP boosted its stake 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 purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the 4th quarter worth $51,000. Finally, Creative Capital Management Investments LLC boosted its stake in 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 Performance

Shares of Invesco QQQ stock opened at $479.26 on Friday. The company has a market cap of $302.05 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The firm has a fifty day moving average of $511.83 and a two-hundred day moving average of $503.82.

Invesco QQQ Dividend Announcement

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

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.