Nwam LLC Reduces Stake in Invesco QQQ

Nwam LLC has reduced its investment in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.7% during the fourth quarter, as reported in its latest 13F filing with the SEC. Following this reduction, Nwam LLC now holds 67,962 shares of this exchange-traded fund (ETF), having sold 9,021 shares in the quarter. Invesco QQQ constitutes around 2.1% of Nwam LLC's overall portfolio, making it the fifth largest position for the firm. According to its most recent filing, Nwam LLC's stake in Invesco QQQ is valued at approximately $34,744,000.

Changes Among Other Investors

Several other institutional investors have also adjusted their holdings in Invesco QQQ recently. For instance, PayPay Securities Corp significantly increased its position by 276.9% in the fourth quarter, now owning 49 shares valued at $25,000 after buying an additional 36 shares. Roxbury Financial LLC initiated a new position in Invesco QQQ worth around $37,000 during the same period. Additionally, Hoese & Co LLP expanded its stake by 32.3%, currently holding 82 shares worth $42,000 following a purchase of 20 more shares. Midwest Capital Advisors LLC also took a new position, valuing approximately $51,000. Lastly, Legacy Bridge LLC grew its stake by 60.0% with an acquisition adding 45 shares, bringing its total to 120 shares valued at $59,000. Overall, institutional investors and hedge funds now own around 44.58% of the company's shares.

Current Stock Performance

On a recent trading day, Invesco QQQ stock opened at $514.56. The total market capitalization stands at $324.30 billion, with a price-to-earnings ratio of 33.43 and a beta of 1.11. Over the last twelve months, the stock has ranged from a low of $413.07 to a high of $540.81. Its 50-day moving average is $522.53, while the 200-day moving average is $502.62.

Dividend Announcement

Invesco QQQ has also announced a dividend that was paid on December 31. Shareholders who were on record as of December 23 received a dividend payment of $0.8347 per share, with the ex-dividend date being the same day.

About Invesco QQQ

The PowerShares QQQ Trust, Series 1 is a unit investment trust that provides shares known as Nasdaq-100 Index Tracking Stock. Its investment goal is to deliver results that closely align with the performance of the Nasdaq-100 Index. The trust allows investors to purchase units that represent undivided interests in the securities portfolio, which includes almost all securities in similar proportions as those in the Nasdaq-100 Index.

investment, ETF, stocks