RWA Wealth Partners LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

RWA Wealth Partners LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 319.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,510 shares of the exchange traded fund’s stock after acquiring an additional 26,280 shares during the period. RWA Wealth Partners LLC’s holdings in Invesco QQQ were worth $17,643,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. SOA Wealth Advisors LLC. boosted its holdings in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares in the last quarter. FMR LLC boosted its stake in shares of Invesco QQQ by 1.7% during the 3rd quarter. FMR LLC now owns 778,065 shares of the exchange traded fund’s stock worth $379,751,000 after acquiring an additional 13,338 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Invesco QQQ by 2.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,483 shares of the exchange traded fund’s stock worth $1,212,000 after acquiring an additional 56 shares during the period. Flow Traders U.S. LLC purchased a new position in Invesco QQQ in the 3rd quarter valued at approximately $791,000. Finally, Circle Wealth Management LLC raised its holdings in Invesco QQQ by 6.4% during the third quarter. Circle Wealth Management LLC now owns 50,316 shares of the exchange traded fund’s stock worth $24,558,000 after purchasing an additional 3,006 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.6 %

Shares of QQQ stock opened at $468.94 on Friday. The stock has a market cap of $295.55 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The business has a fifty day simple moving average of $508.43 and a 200-day simple moving average of $505.09.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.