Wescott Financial Advisory Group LLC Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Wescott Financial Advisory Group LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,844 shares of the exchange traded fund's stock after purchasing an additional 2,600 shares during the period. Invesco QQQ comprises about 7.8% of Wescott Financial Advisory Group LLC's holdings, making the stock its 2nd largest holding. Wescott Financial Advisory Group LLC's holdings in Invesco QQQ were worth $75,071,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQ. Resolute Advisors LLC increased its holdings in Invesco QQQ by 0.9% during the 4th quarter. Resolute Advisors LLC now owns 50,797 shares of the exchange traded fund's stock valued at $25,969,000 after purchasing an additional 456 shares during the period. Atlas Capital Advisors Inc. boosted its holdings in Invesco QQQ by 59.4% in the fourth quarter. Atlas Capital Advisors Inc. now owns 979 shares of the exchange traded fund's stock valued at $501,000 after acquiring an additional 365 shares in the last quarter. Climber Capital SA bought a new position in Invesco QQQ in the 4th quarter worth $853,000. Guidance Point Advisors LLC boosted its stake in shares of Invesco QQQ by 6.9% during the 4th quarter. Guidance Point Advisors LLC now owns 1,312 shares of the exchange traded fund's stock valued at $671,000 after purchasing an additional 85 shares in the last quarter. Finally, Grant Private Wealth Management Inc bought a new position in Invesco QQQ in the fourth quarter worth about $815,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $2.86 during mid-day trading on Monday, hitting $419.81. 108,157,191 shares of the stock traded hands, compared to its average volume of 35,759,198. The company has a market cap of $266.08 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. The stock has a fifty day moving average price of $501.45 and a 200-day moving average price of $504.81. Invesco QQQ has a 52 week low of $402.83 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

About Invesco QQQ

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.