StrongBox Wealth LLC Lowers Stake in Invesco QQQ (NASDAQ:QQQ)

StrongBox Wealth LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,836 shares of the exchange traded fund’s stock after selling 1,066 shares during the period. Invesco QQQ comprises 3.4% of StrongBox Wealth LLC’s portfolio, making the stock its 8th biggest holding. StrongBox Wealth LLC’s holdings in Invesco QQQ were worth $8,096,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MPS Loria Financial Planners LLC boosted its stake in shares of Invesco QQQ by 2.1% during the 4th quarter. MPS Loria Financial Planners LLC now owns 2,713 shares of the exchange traded fund’s stock worth $1,387,000 after acquiring an additional 57 shares during the last quarter. Heritage Family Offices LLP raised its holdings in Invesco QQQ by 16.9% in the 4th quarter. Heritage Family Offices LLP now owns 691 shares of the exchange traded fund’s stock worth $353,000 after purchasing an additional 100 shares during the period. Financial Enhancement Group LLC bought a new position in Invesco QQQ in the 4th quarter worth $17,628,000. Essex Savings Bank lifted its position in Invesco QQQ by 4.0% during the fourth quarter. Essex Savings Bank now owns 7,011 shares of the exchange traded fund’s stock valued at $3,584,000 after purchasing an additional 270 shares in the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management bought a new stake in Invesco QQQ during the fourth quarter valued at about $210,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $513.08 on Friday. The business has a 50-day simple moving average of $515.79 and a two-hundred day simple moving average of $491.65. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

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