Invesco QQQ (NASDAQ:QQQ) Position Increased by BKM Wealth Management LLC

BKM Wealth Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,505 shares of the exchange traded fund’s stock after purchasing an additional 1,046 shares during the quarter. Invesco QQQ accounts for approximately 2.2% of BKM Wealth Management LLC’s portfolio, making the stock its 7th largest position. BKM Wealth Management LLC’s holdings in Invesco QQQ were worth $5,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. PayPay Securities Corp boosted its stake in shares of 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 in the last quarter. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at about $37,000. Hoese & Co LLP increased its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC lifted its stake in shares of 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 acquiring an additional 45 shares during the last quarter. Finally, BNP Paribas bought a new position in Invesco QQQ during the 3rd quarter worth approximately $62,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.4 %

Shares of Invesco QQQ stock opened at $538.15 on Tuesday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The business’s 50 day simple moving average is $522.38 and its two-hundred day simple moving average is $498.34.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders 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.

About Invesco QQQ

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.