Nwam LLC Has $34.74 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Nwam LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,962 shares of the exchange traded fund’s stock after selling 9,021 shares during the period. Invesco QQQ accounts for approximately 2.1% of Nwam LLC’s holdings, making the stock its 5th biggest position. Nwam LLC’s holdings in Invesco QQQ were worth $34,744,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. PayPay Securities Corp boosted its holdings in 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 purchasing an additional 36 shares during the period. Roxbury Financial LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $51,000. Finally, Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $514.56 on Thursday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The company has a market cap of $324.30 billion, a PE ratio of 33.43 and a beta of 1.11. The firm has a fifty day moving average price of $522.53 and a two-hundred day moving average price of $502.62.

Invesco QQQ Announces Dividend

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