Carlton Hofferkamp & Jenks Wealth Management LLC Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Carlton Hofferkamp & Jenks Wealth Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,567 shares of the exchange traded fund’s stock after acquiring an additional 54 shares during the period. Invesco QQQ makes up 1.7% of Carlton Hofferkamp & Jenks Wealth Management LLC’s portfolio, making the stock its 15th biggest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Invesco QQQ were worth $4,513,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp lifted its stake in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $37,000. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $51,000. Finally, Legacy Bridge LLC lifted its stake in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $497.05 on Tuesday. The stock’s 50-day moving average is $521.53 and its two-hundred day moving average is $503.73. The stock has a market cap of $313.27 billion, a PE ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81.

Invesco QQQ Announces Dividend

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