WJ Wealth Management LLC Trims Position in Invesco QQQ (NASDAQ:QQQ)

WJ Wealth Management LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,412 shares of the exchange traded fund’s stock after selling 3,695 shares during the quarter. Invesco QQQ comprises 4.5% of WJ Wealth Management LLC’s portfolio, making the stock its 6th biggest holding. WJ Wealth Management LLC’s holdings in Invesco QQQ were worth $12,992,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Flavin Financial Services Inc. bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $1,905,000. RBA Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $362,000. Calamos Wealth Management LLC grew its holdings in shares of Invesco QQQ by 5.3% in the fourth quarter. Calamos Wealth Management LLC now owns 5,365 shares of the exchange traded fund’s stock worth $2,743,000 after purchasing an additional 270 shares during the last quarter. Patron Partners LLC increased its stake in Invesco QQQ by 17.6% in the 4th quarter. Patron Partners LLC now owns 2,795 shares of the exchange traded fund’s stock worth $1,429,000 after buying an additional 419 shares during the period. Finally, Columbus Macro LLC bought a new position in Invesco QQQ in the 4th quarter worth about $235,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $518.11 on Tuesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The stock’s fifty day moving average is $519.55 and its two-hundred day moving average is $494.20.

Invesco QQQ Dividend Announcement

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