Edgestream Partners L.P. Reduces Holdings in Invesco QQQ

Edgestream Partners L.P. has recently decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 42.9% during the fourth quarter, as revealed in its latest filing with the Securities and Exchange Commission. Following the sale of 27,873 shares, the firm now possesses 37,174 shares of this popular exchange-traded fund (ETF). Invesco QQQ constitutes about 0.8% of Edgestream Partners L.P.'s investment portfolio, making it the firm’s fourth largest holding. By the end of the most recent quarter, the value of Edgestream's holdings in Invesco QQQ was approximately $19,004,000.

Recent Changes from Other Investors

Other significant investors have also made adjustments to their positions in Invesco QQQ. For example, Stephens Consulting LLC has increased its stake by 0.4% during the fourth quarter, bringing its total to 5,416 shares, valued at around $2,769,000 after purchasing an additional 19 shares. Similarly, Planning Capital Management Corp raised its stake by 7.1% in the third quarter, now owning 300 shares worth $146,000 following an additional purchase of 20 shares. Additionally, Cardinal Point Capital Management ULC increased its holdings by 0.5% in the fourth quarter, owning 3,902 shares valued at $1,995,000 after acquiring another 20 shares during this period. Hoese & Co LLP also boosted its stake significantly by 32.3% in the fourth quarter, now holding 82 shares valued at $42,000 after buying another 20 shares. Lastly, Farmers & Merchants Investments Inc. raised its stake by 1.9%, which now totals 1,093 shares worth $559,000 after an additional purchase of 20 shares. It is noteworthy that institutional investors and hedge funds collectively own 44.58% of Invesco QQQ's stock.

Invesco QQQ Stock Overview

As for Invesco QQQ’s stock performance, it opened at $488.20 on Friday. The ETF has a 50-day moving average price of $519.46 and a 200-day moving average price of $503.75. Invesco QQQ has seen a 52-week low of $413.07 and a high of $540.81, demonstrating its volatility in the market. The firm holds a market capitalization of $307.69 billion, a price-to-earnings ratio of 33.43, and a beta of 1.11, indicating its stock's relative volatility compared to the market.

Dividend Information from Invesco QQQ

Recently, Invesco QQQ announced a dividend that was paid on Tuesday, December 31. Investors who were on record as of Monday, December 23, received a dividend of $0.8347. The ex-dividend date was also December 23, which is important for investors looking to benefit from the dividend.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. The objective of the Trust is to deliver investment outcomes that generally correspond to the price and yield performance of the Nasdaq-100 Index. This structure allows investors to buy shares of beneficial interest in the Trust, which represents undivided interests in the portfolio of securities it holds, primarily mirroring the component securities of the Nasdaq-100 Index in similar weightings.

Conclusion

In summary, Edgestream Partners L.P. has made significant changes to its investment in Invesco QQQ, alongside activities from several other institutional investors. As the market continues to fluctuate, these adjustments reflect the ongoing strategies of investors within the ETF landscape. Interested parties should keep an eye on both performance metrics and market trends related to Invesco QQQ to remain informed.

Invesco, QQQ, Shares