Nwam LLC Reduces Stake in Invesco QQQ

Nwam LLC has decreased its investment in Invesco QQQ (NASDAQ:QQQ) by 11.7% during the fourth quarter, as disclosed in its most recent 13F filing with the SEC. After selling 9,021 shares during this period, Nwam LLC now holds 67,962 shares of the exchange-traded fund (ETF). This investment accounts for approximately 2.1% of Nwam LLC's total holdings, making Invesco QQQ its fifth-largest position. According to the latest SEC filing, Nwam LLC's stake in Invesco QQQ is valued at $34,744,000.

Investors Adjust Their Holdings

Other significant investors have also been active in adjusting their stakes in Invesco QQQ recently. For example, PayPay Securities Corp increased its position by a notable 276.9% in the fourth quarter. They now own 49 shares worth $25,000 after acquiring an additional 36 shares. Meanwhile, Roxbury Financial LLC has purchased new shares in Invesco QQQ, valued at roughly $37,000 in the same quarter. Additionally, Hoese & Co LLP expanded its holdings by 32.3%, bringing their total to 82 shares valued at $42,000 after acquiring 20 more shares. Midwest Capital Advisors LLC also entered Invesco QQQ, buying shares worth approximately $51,000. Notably, Legacy Bridge LLC raised its stake by 60.0% in the third quarter, now owning 120 shares worth $59,000 after acquiring 45 shares. Overall, institutional investors and hedge funds collectively hold 44.58% of Invesco QQQ’s stock.

Recent Performance of Invesco QQQ

The stock opened at $514.56 on Thursday. With a market capitalization of $324.30 billion, the price-to-earnings ratio stands at 33.43, and a beta of 1.11 suggests a higher volatility compared to the market. Over the past year, Invesco QQQ has experienced a low of $413.07 and a high of $540.81. Additionally, the ETF has a 50-day moving average of $522.53 and a 200-day moving average of $502.62.

Dividend Announcement from Invesco QQQ

Invesco QQQ recently announced a dividend, which was distributed on December 31st. Shareholders on record as of December 23rd received a dividend of $0.8347 per share, with the ex-dividend date also being December 23rd.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. The objective of this Trust is to deliver investment results that generally reflect the price and yield performance of the Nasdaq-100 Index. This allows investors to buy units of beneficial interest representing proportional undivided stakes in the portfolio of securities held by the Trust, closely aligning with the components of the Nasdaq-100 Index.

Nwam, Invesco, Stock