TD Private Client Wealth LLC Has $41.86 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

TD Private Client Wealth LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,882 shares of the exchange traded fund’s stock after selling 5,413 shares during the quarter. Invesco QQQ comprises 1.2% of TD Private Client Wealth LLC’s investment portfolio, making the stock its 18th largest holding. TD Private Client Wealth LLC’s holdings in Invesco QQQ were worth $41,861,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of QQQ. PayPay Securities Corp grew its position in 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 in the last quarter. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP grew its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, BNP Paribas acquired a new position in shares of Invesco QQQ in the third quarter valued at $62,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $479.26 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The stock has a fifty day moving average price of $511.83 and a 200 day moving average price of $503.82. The stock has a market cap of $302.05 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders 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.