AAF Wealth Management LLC Takes $540,000 Position in Invesco QQQ (NASDAQ:QQQ)

AAF Wealth Management LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,056 shares of the exchange traded fund’s stock, valued at approximately $540,000. Invesco QQQ makes up about 0.3% of AAF Wealth Management LLC’s investment portfolio, making the stock its 29th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $514.00 on Friday. The company’s fifty day moving average price is $474.14 and its 200 day moving average price is $500.80. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock has a market capitalization of $322.10 billion, a P/E ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.