LJI Wealth Management LLC Reduces Stake in Invesco QQQ

LJI Wealth Management LLC recently announced a 7.9% decrease in its holdings of Invesco QQQ (NASDAQ:QQQ). According to the firm's latest filing with the Securities and Exchange Commission, they owned 27,106 shares of the exchange-traded fund's stock after selling 2,314 shares during the fourth quarter. Invesco QQQ now constitutes about 2.7% of LJI Wealth Management LLC's total investment portfolio, making it the firm’s ninth largest position. As of the end of the latest reporting period, LJI Wealth Management LLC's shares in Invesco QQQ were valued at $13,857,000.

Recent Institutional Activity

Other institutional investors have also made adjustments to their positions in Invesco QQQ. For example, GAMMA Investing LLC significantly increased its stake by 159.6% in the fourth quarter. The firm now possesses 3,349 shares worth approximately $1,712,000 after acquiring an additional 2,059 shares. Another notable change was made by Principal Financial Group Inc., which raised its holdings by 141.0% in the third quarter, now owning 19,399 shares valued at $9,468,000 after buying 11,351 extra shares. Socha Financial Group LLC also increased its stake in the fund by 2.4%, bringing its total to 91,650 shares worth $44,732,000. Additionally, NRI Wealth Management LC entered the market by acquiring a new stake valued around $28,729,000 in the fourth quarter. Furthermore, Garden State Investment Advisory Services LLC raised its stake by 13.1%, owning 30,990 shares valued at $15,169,000 after purchasing 3,581 more shares. Collectively, institutional investors hold 44.58% of Invesco QQQ stock.

Invesco QQQ Stock Performance

As for trading performance, Invesco QQQ opened at $522.92, down by 1.3% on Friday. Its 50-day moving average currently stands at $521.26, while the 200-day moving average is $495.57. The fund has reached a low of $413.07 and a high of $539.15 over the past year.

Dividend Declaration

The firm has recently announced a dividend, which was distributed on December 31st. Shareholders who were on record as of December 23rd received a dividend of $0.8347. The ex-dividend date was also December 23rd.

Understanding Invesco QQQ

PowerShares QQQ Trust, Series 1 operates by issuing Nasdaq-100 Index Tracking Stock. Its primary goal is to match investment results that correspond with the price and yield performance of the Nasdaq-100 Index. This trust offers investors the chance to acquire units representing beneficial interests in its holdings, mirroring substantially all component securities of the Nasdaq-100 in a similar weighting.

Investment, Stocks, Portfolio