630 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 630 shares of the exchange traded fund’s stock, valued at approximately $322,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% in 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 during the period. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the fourth quarter worth $37,000. Hoese & Co LLP grew its stake in Invesco QQQ by 32.3% in 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 during the period. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the fourth quarter worth $51,000. Finally, Legacy Bridge LLC grew its stake in Invesco QQQ by 60.0% in 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 during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.3 %

Invesco QQQ stock opened at $502.01 on Thursday. The business’s fifty day simple moving average is $520.28 and its two-hundred day simple moving average is $503.86. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The company has a market capitalization of $316.39 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

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