Fingerlakes Wealth Management Inc. Trims Stock Position in Invesco QQQ (NASDAQ:QQQ)

Fingerlakes Wealth Management Inc. reduced its position in Invesco QQQ (NASDAQ:QQQ) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,374 shares of the exchange traded fund’s stock after selling 77 shares during the quarter. Invesco QQQ accounts for about 6.3% of Fingerlakes Wealth Management Inc.’s holdings, making the stock its 3rd largest holding. Fingerlakes Wealth Management Inc.’s holdings in Invesco QQQ were worth $7,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PayPay Securities Corp boosted its stake 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 buying an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP boosted 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 purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC grew 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 valued at $59,000 after purchasing an additional 45 shares during the last quarter. Finally, BNP Paribas purchased a new position in Invesco QQQ in the 3rd quarter worth $62,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $539.52 on Thursday. The firm has a fifty day simple moving average of $523.26 and a two-hundred day simple moving average of $499.81. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Dividend Announcement

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

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.