Invesco QQQ (NASDAQ:QQQ) is FWG Holdings LLC’s 3rd Largest Position

FWG Holdings LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,035 shares of the exchange traded fund’s stock after buying an additional 642 shares during the quarter. Invesco QQQ comprises 8.7% of FWG Holdings LLC’s investment portfolio, making the stock its 3rd biggest holding. FWG Holdings LLC’s holdings in Invesco QQQ were worth $18,152,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in QQQ. EPIQ Capital Group LLC increased its stake in Invesco QQQ by 38.2% in the fourth quarter. EPIQ Capital Group LLC now owns 6,902 shares of the exchange traded fund’s stock valued at $3,529,000 after purchasing an additional 1,907 shares during the period. Main Street Research LLC raised its stake in Invesco QQQ by 72.7% during the 4th quarter. Main Street Research LLC now owns 1,029 shares of the exchange traded fund’s stock valued at $526,000 after acquiring an additional 433 shares during the last quarter. Fairscale Capital LLC lifted its position in Invesco QQQ by 1.0% during the 4th quarter. Fairscale Capital LLC now owns 4,304 shares of the exchange traded fund’s stock worth $2,200,000 after acquiring an additional 44 shares during the period. Solitude Financial Services purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $209,000. Finally, SLT Holdings LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $1,253,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $491.79 on Monday. The company has a market cap of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The stock has a fifty day moving average price of $518.84 and a 200 day moving average price of $504.14.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date 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.