Element Wealth LLC Decreases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Element Wealth LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,603 shares of the exchange traded fund’s stock after selling 337 shares during the quarter. Invesco QQQ comprises about 1.0% of Element Wealth LLC’s investment portfolio, making the stock its 23rd largest position. Element Wealth LLC’s holdings in Invesco QQQ were worth $1,842,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PayPay Securities Corp raised 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 valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at about $37,000. Hoese & Co LLP lifted its position in shares of Invesco QQQ by 32.3% during 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 last quarter. Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 60.0% during 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 last quarter. Finally, Creative Capital Management Investments LLC lifted its position in shares of Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.1 %

Shares of Invesco QQQ stock opened at $526.08 on Friday. The company has a 50 day moving average price of $523.39 and a 200 day moving average price of $500.70. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Announces Dividend

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