Proactive Wealth Strategies LLC Increases Investment in Invesco QQQ

Proactive Wealth Strategies LLC has increased its investment in Invesco QQQ (NASDAQ:QQQ) by 32.3% during the fourth quarter, as reported in their latest filing with the Securities and Exchange Commission (SEC). After acquiring an additional 697 shares during this period, the firm now holds a total of 2,855 shares in this exchange-traded fund, valued at $1,459,000 based on the most recent SEC filing.

Changes in Institutional Holdings

Other institutional investors have also made notable changes to their positions in QQQ. PayPay Securities Corp saw a substantial increase of 276.9% in its holdings during the fourth quarter, now owning 49 shares valued at $25,000 after acquiring 36 additional shares. Roxbury Financial LLC entered the market with a new investment worth $37,000 in Invesco QQQ also during the fourth quarter. Additionally, Hoese & Co LLP raised its stake by 32.3%, holding 82 shares worth $42,000 after buying 20 more shares. Legacy Bridge LLC increased its holdings by 60.0% in the previous quarter, attaining 120 shares valued at $59,000 after purchasing 45 additional shares. Lastly, BNP Paribas made a new investment in Invesco QQQ during the third quarter, with a value of $62,000. Overall, institutional investors and hedge funds collectively own 44.58% of the company’s stock.

Current Stock Performance

As of Tuesday, QQQ shares opened at $538.15. Invesco QQQ's stock has experienced a 52-week range, with a low of $413.07 and a high of $539.15. The stock's fifty-day simple moving average is $522.38, while its two-hundred-day simple moving average stands at $498.34.

Dividend Announcement

Invesco QQQ has recently declared a dividend, which was distributed to shareholders on December 31st. Stockholders recorded on December 23rd received a dividend payout of $0.8347, with the ex-dividend date occurring on the same day.

Understanding Invesco QQQ

PowerShares QQQ Trust, Series 1, is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. The trust aims to provide investment results corresponding to the price and yield performance of the Nasdaq-100 Index. This allows investors to purchase units of beneficial interest, representing proportional undivided interests in a portfolio consisting substantially of the securities of the Nasdaq-100 Index.

Conclusion

With increasing interest from institutional investors and a solid foundation within the market, Invesco QQQ continues to attract attention as a significant player in the ETF landscape.

investment, stocks, ETF