Invesco QQQ (NASDAQ:QQQ) Holdings Lifted by Walled Lake Planning & Wealth Management LLC

Walled Lake Planning & Wealth Management LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 658 shares of the exchange traded fund’s stock after buying an additional 37 shares during the period. Walled Lake Planning & Wealth Management LLC’s holdings in Invesco QQQ were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Stephens Consulting LLC increased its holdings in Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after purchasing an additional 19 shares in the last quarter. Cardinal Point Capital Management ULC raised its holdings in shares of Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after purchasing an additional 20 shares during the last quarter. Hoese & Co LLP boosted its holdings in 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 purchasing an additional 20 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after purchasing an additional 20 shares in the last quarter. Finally, RAM Investment Partners LLC increased its stake in Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 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 Price Performance

Invesco QQQ stock opened at $468.94 on Friday. The company has a market cap of $295.55 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The firm has a 50-day moving average of $508.43 and a 200-day moving average of $505.09. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is 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.