Paradigm Strategies in Wealth Management LLC Has $460,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Paradigm Strategies in Wealth Management LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 899 shares of the exchange traded fund’s stock after selling 33 shares during the period. Paradigm Strategies in Wealth Management LLC’s holdings in Invesco QQQ were worth $460,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of QQQ. Heritage Family Offices LLP boosted its holdings in Invesco QQQ by 16.9% during the fourth 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 last quarter. Financial Enhancement Group LLC bought a new stake in Invesco QQQ during the 4th quarter worth about $17,628,000. Essex Savings Bank boosted its stake in shares of Invesco QQQ by 4.0% during the 4th quarter. Essex Savings Bank now owns 7,011 shares of the exchange traded fund’s stock worth $3,584,000 after buying an additional 270 shares during the last quarter. Keeler & Nadler Financial Planning & Wealth Management bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $210,000. Finally, ERn Financial LLC increased its position in shares of Invesco QQQ by 5.1% in the fourth quarter. ERn Financial LLC now owns 935 shares of the exchange traded fund’s stock valued at $478,000 after acquiring an additional 45 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.7 %

QQQ opened at $513.08 on Friday. The business’s 50-day simple moving average is $515.79 and its 200 day simple moving average is $491.65. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.