Invesco QQQ (NASDAQ:QQQ) is Scissortail Wealth Management LLC's 9th Largest Position

Scissortail Wealth Management LLC increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2,185.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,741 shares of the exchange traded fund's stock after purchasing an additional 17,921 shares during the period. Invesco QQQ makes up approximately 2.5% of Scissortail Wealth Management LLC's portfolio, making the stock its 9th biggest holding. Scissortail Wealth Management LLC's holdings in Invesco QQQ were worth $9,581,000 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 raised its position in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares during the period. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ during the 4th quarter valued at $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ during the 4th quarter valued at $37,000. Finally, Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after buying an additional 20 shares during the period. 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 $521.51 on Friday. The company's fifty day simple moving average is $470.91 and its two-hundred day simple moving average is $500.01. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm has a market cap of $326.80 billion, a PE ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently announced 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 of this dividend 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.

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