Oak Harbor Wealth Partners LLC Has $6.31 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Oak Harbor Wealth Partners LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,340 shares of the exchange traded fund’s stock after selling 118 shares during the period. Invesco QQQ comprises about 1.8% of Oak Harbor Wealth Partners LLC’s investment portfolio, making the stock its 14th largest holding. Oak Harbor Wealth Partners LLC’s holdings in Invesco QQQ were worth $6,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PayPay Securities Corp boosted its position in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $37,000. Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% during the fourth 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 period. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $51,000. Finally, Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $491.79 on Friday. The stock has a market capitalization of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11. The business has a 50-day moving average of $518.84 and a 200-day moving average of $503.83. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Announces Dividend

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