Sugarloaf Wealth Management LLC Has $3.01 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Sugarloaf Wealth Management LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,888 shares of the exchange traded fund’s stock after selling 43 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Invesco QQQ were worth $3,010,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QQQ. GAMMA Investing LLC lifted its holdings in Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares during the last quarter. Principal Financial Group Inc. raised its stake in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after purchasing an additional 11,351 shares in the last quarter. Socha Financial Group LLC boosted its holdings in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the period. NRI Wealth Management LC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC boosted its stake in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after buying an additional 3,581 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ traded down $6.11 during midday trading on Friday, hitting $509.16. The company had a trading volume of 31,584,445 shares, compared to its average volume of 33,287,629. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15. The firm has a 50-day moving average price of $514.52 and a 200-day moving average price of $490.73.

Invesco QQQ Announces Dividend

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