Invesco QQQ (NASDAQ:QQQ) is WR Wealth Planners LLC’s 6th Largest Position

WR Wealth Planners LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 20.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,163 shares of the exchange traded fund’s stock after selling 5,278 shares during the period. Invesco QQQ accounts for about 3.3% of WR Wealth Planners LLC’s holdings, making the stock its 6th biggest position. WR Wealth Planners LLC’s holdings in Invesco QQQ were worth $10,308,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Maripau Wealth Management LLC bought a new stake in Invesco QQQ during the fourth quarter valued at approximately $753,000. Wiser Advisor Group LLC increased its stake in shares of Invesco QQQ by 8.5% in the fourth quarter. Wiser Advisor Group LLC now owns 589 shares of the exchange traded fund’s stock worth $301,000 after buying an additional 46 shares during the period. Cobblestone Capital Advisors LLC NY increased its position in shares of Invesco QQQ by 3.6% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 1,312 shares of the exchange traded fund’s stock valued at $671,000 after acquiring an additional 45 shares during the period. Maple Capital Management Inc. increased its position in shares of Invesco QQQ by 31.5% in the fourth quarter. Maple Capital Management Inc. now owns 2,393 shares of the exchange traded fund’s stock valued at $1,223,000 after acquiring an additional 573 shares during the period. Finally, Sims Investment Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at about $5,319,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.6 %

QQQ stock opened at $508.30 on Friday. The firm’s 50-day moving average price is $522.05 and its two-hundred day moving average price is $503.00. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The stock has a market capitalization of $320.36 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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.