AMJ Financial Wealth Management Buys 258 Shares of Invesco QQQ (NASDAQ:QQQ)

AMJ Financial Wealth Management grew its stake in Invesco QQQ (NASDAQ:QQQ) by 15.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,958 shares of the exchange traded fund’s stock after buying an additional 258 shares during the period. AMJ Financial Wealth Management’s holdings in Invesco QQQ were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. PayPay Securities Corp lifted its position in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP raised its stake 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 valued at $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth about $51,000. Finally, Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.2 %

NASDAQ QQQ opened at $497.05 on Tuesday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The stock has a market cap of $313.27 billion, a P/E ratio of 33.43 and a beta of 1.11. The company’s 50-day simple moving average is $521.53 and its 200 day simple moving average is $503.73.

Invesco QQQ Announces Dividend

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

About Invesco QQQ

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.