Waterway Wealth Management LLC Buys 198 Shares of Invesco QQQ (NASDAQ:QQQ)

Waterway Wealth Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 23.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,055 shares of the exchange traded fund’s stock after buying an additional 198 shares during the period. Waterway Wealth Management LLC’s holdings in Invesco QQQ were worth $539,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. PayPay Securities Corp grew its stake 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 during the last quarter. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ during the 4th quarter worth approximately $51,000. Finally, Legacy Bridge LLC increased its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $500.27 on Friday. The company has a market cap of $315.30 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The stock has a fifty day moving average price of $522.25 and a two-hundred day moving average price of $502.61. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Dividend Announcement

The firm also recently declared 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.