Cwm LLC Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Cwm LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 20.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 578,804 shares of the exchange traded fund’s stock after acquiring an additional 99,052 shares during the period. Invesco QQQ makes up approximately 1.3% of Cwm LLC’s investment portfolio, making the stock its 11th largest holding. Cwm LLC owned 0.10% of Invesco QQQ worth $237,032,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of QQQ. IMA Wealth Inc. lifted its position in shares of Invesco QQQ by 1.3% in the third 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 shares of Invesco QQQ by 1.5% in the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after acquiring an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC lifted 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 acquiring an additional 25 shares in the last quarter. Cedrus LLC lifted 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 acquiring an additional 25 shares in the last quarter. Finally, Waterfront Wealth Inc. lifted 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 acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $8.76 during trading on Friday, hitting $414.65. The company’s stock had a trading volume of 75,230,990 shares, compared to its average volume of 42,307,272. The stock’s fifty day moving average is $437.60 and its 200 day moving average is $407.88. Invesco QQQ has a 1-year low of $309.89 and a 1-year high of $449.34.

Invesco QQQ Announces Dividend

The company also recently declared 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 of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.55%.

Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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