Invesco QQQ (NASDAQ:QQQ) is Greenup Street Wealth Management LLC’s Largest Position

Greenup Street Wealth Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 25.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 112,415 shares of the exchange traded fund’s stock after selling 39,129 shares during the quarter. Invesco QQQ makes up about 11.4% of Greenup Street Wealth Management LLC’s holdings, making the stock its largest position. Greenup Street Wealth Management LLC’s holdings in Invesco QQQ were worth $57,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hoese & Co LLP lifted its holdings 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 purchasing an additional 20 shares during the period. Legacy Bridge LLC raised its holdings in 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 purchasing an additional 45 shares in the last quarter. BNP Paribas acquired a new stake in Invesco QQQ in the third quarter valued at about $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ in the 4th quarter valued at approximately $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ during the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $513.93 on Tuesday. The business has a 50 day simple moving average of $517.86 and a 200-day simple moving average of $493.21. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently disclosed 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 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.