Mpwm Advisory Solutions LLC Buys Shares of 9,784 Invesco QQQ (NASDAQ:QQQ)

Mpwm Advisory Solutions LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,784 shares of the exchange traded fund's stock, valued at approximately $5,002,000. Invesco QQQ comprises 3.7% of Mpwm Advisory Solutions LLC's investment portfolio, making the stock its 5th biggest position.

Several other hedge funds also recently modified their holdings of the business. Stephens Consulting LLC increased its holdings in Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock worth $2,769,000 after purchasing an additional 19 shares in the last quarter. Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after purchasing an additional 20 shares in the last quarter. RAM Investment Partners LLC increased its holdings in Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after purchasing an additional 20 shares in the last quarter. Finally, HighMark Wealth Management LLC increased its holdings in Invesco QQQ by 5.2% in the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock worth $208,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.9%

QQQ traded down $4.76 on Friday, reaching $509.24. The stock had a trading volume of 58,324,904 shares, compared to its average volume of 37,332,905. The company has a market capitalization of $319.12 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The firm has a 50-day moving average of $474.84 and a 200-day moving average of $500.92. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. 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.