Wise Wealth Partners Buys Shares of 1,082 Invesco QQQ (NASDAQ:QQQ)

Wise Wealth Partners acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,082 shares of the exchange traded fund's stock, valued at approximately $553,000. Invesco QQQ makes up about 1.4% of Wise Wealth Partners' holdings, making the stock its 15th largest holding.

A number of other hedge funds have also recently made changes to their positions in the business. PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 276.9% in the fourth 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 during the last quarter. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the 4th quarter valued at about $36,000. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $37,000. Finally, Hoese & Co LLP boosted its stake in shares of Invesco QQQ by 32.3% in the 4th 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 last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.5 %

Shares of QQQ traded up $7.15 on Friday, reaching $488.83. 39,139,209 shares of the company's stock traded hands, compared to its average volume of 36,440,235. The stock's 50 day simple moving average is $470.05 and its two-hundred day simple moving average is $499.54. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock has a market cap of $306.33 billion, a PE ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.