Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Cwm LLC

CWM LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 578,804 shares of the exchange traded fund's stock after purchasing an additional 99,052 shares during the quarter. Invesco QQQ accounts for 1.3% of CWM LLC's portfolio, making the stock its 11th largest position. CWM LLC owned about 0.10% of Invesco QQQ worth $237,032,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. IMA Wealth Inc. grew its holdings in shares of Invesco QQQ by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund's stock valued at $695,000 after acquiring an additional 25 shares in the last quarter. S.A. Mason LLC lifted its position in Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund's stock worth $696,000 after acquiring an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC raised its position in shares of Invesco QQQ by 0.4% in the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund's stock valued at $2,296,000 after buying an additional 25 shares in the last quarter. Cedrus LLC raised its position in shares of Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund's stock valued at $596,000 after buying an additional 25 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its position in shares of Invesco QQQ by 3.1% in the fourth quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund's stock valued at $344,000 after buying an additional 25 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 2.1 %

QQQ traded down $8.76 during trading on Friday, hitting $414.65. 75,230,990 shares of the stock traded hands, compared to its average volume of 42,307,272. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34. The business has a 50 day moving average price of $437.60 and a 200 day moving average price of $408.25.

Invesco QQQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.55%.

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.