Dogwood Wealth Management LLC Has $7.87 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Dogwood Wealth Management LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,389 shares of the exchange traded fund's stock after buying an additional 1,959 shares during the period. Invesco QQQ accounts for approximately 4.2% of Dogwood Wealth Management LLC's investment portfolio, making the stock its 5th largest holding. Dogwood Wealth Management LLC's holdings in Invesco QQQ were worth $7,867,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Buska Wealth Management LLC increased its holdings in shares of Invesco QQQ by 4.2% during the fourth quarter. Buska Wealth Management LLC now owns 31,282 shares of the exchange traded fund's stock valued at $15,993,000 after purchasing an additional 1,247 shares during the period. Smith Shellnut Wilson LLC ADV increased its holdings in shares of Invesco QQQ by 4.7% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 25,842 shares of the exchange traded fund's stock valued at $13,211,000 after purchasing an additional 1,162 shares during the period. BridgePort Financial Solutions LLC acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $716,000. Park Square Financial Group LLC acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $2,439,000. Finally, Total Wealth Planning & Management Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $1,349,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ traded down $2.31 during trading hours on Wednesday, reaching $518.91. 44,971,575 shares of the company's stock traded hands, compared to its average volume of 37,485,008. The firm has a market capitalization of $325.17 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The business's fifty day simple moving average is $476.24 and its two-hundred day simple moving average is $500.91.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.