CW Advisors LLC Acquires 6,289 Shares of Invesco QQQ $QQQ

Key Points

• CW Advisors LLC increased its stake in Invesco QQQ by 8.7% during the first quarter, acquiring a total of 78,346 shares worth approximately $36.8 million.
• Other institutional investors, such as Wilkins Miller Wealth Management and Baird Financial Group, also adjusted their positions in Invesco QQQ, with institutional ownership reaching 44.58%.
• Invesco QQQ's stock has seen fluctuations, opening at $565.90 recently, with a 12-month low of $402.39 and high of $583.32.

CW Advisors LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 78,346 shares of the exchange traded fund's stock after acquiring an additional 6,289 shares during the period. CW Advisors LLC's holdings in Invesco QQQ were worth $36,816,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of QQQ. Goldman Sachs Group Inc. lifted its holdings in Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $2,775,904,000. NWI Management LP raised its position in shares of Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Finally, Spear Holdings RSC Ltd acquired a new position in shares of Invesco QQQ in the first quarter worth approximately $474,600,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ stock traded up $8.69 during trading on Friday, hitting $571.97. The company had a trading volume of 51,413,030 shares, compared to its average volume of 46,061,000. The business has a 50-day moving average of $557.92 and a 200-day moving average of $515.81. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

Invesco QQQ Company 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.