LWM Advisory Services LLC Purchases 3,189 Shares of Invesco QQQ (NASDAQ:QQQ)

LWM Advisory Services LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 217.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,653 shares of the exchange traded fund’s stock after purchasing an additional 3,189 shares during the quarter. Invesco QQQ accounts for about 1.7% of LWM Advisory Services LLC’s holdings, making the stock its 14th biggest holding. LWM Advisory Services LLC’s holdings in Invesco QQQ were worth $1,906,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMA Wealth Inc. raised its holdings in Invesco QQQ by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 25 shares in the last quarter. S.A. Mason LLC raised its holdings in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after purchasing an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC raised its holdings in Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after purchasing an additional 25 shares in the last quarter. Cedrus LLC raised its holdings in Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 25 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its holdings in Invesco QQQ by 3.1% in the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

NASDAQ QQQ traded up $1.75 during trading on Monday, hitting $432.75. The company had a trading volume of 29,370,162 shares, compared to its average volume of 45,941,555. Invesco QQQ has a one year low of $315.11 and a one year high of $449.34. The company’s fifty day moving average is $436.88 and its 200-day moving average is $410.68.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.53%.

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.