Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,904 shares of the exchange traded fund’s stock after acquiring an additional 8,792 shares during the period. Invesco QQQ comprises 0.7% of Waverly Advisors LLC’s portfolio, making the stock its 23rd largest holding. Waverly Advisors LLC’s holdings in Invesco QQQ were worth $46,473,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stephens Consulting LLC raised its position 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 during the last quarter. Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of 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 valued at $559,000 after buying an additional 20 shares during the period. RAM Investment Partners LLC raised its position in shares of Invesco QQQ by 1.7% during the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after acquiring an additional 20 shares during the last quarter. Finally, HighMark Wealth Management LLC lifted its stake in shares of Invesco QQQ by 5.2% during the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund’s stock valued at $208,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.1%

Invesco QQQ stock opened at $522.01 on Tuesday. The business’s 50-day simple moving average is $471.81 and its 200 day simple moving average is $500.39. The stock has a market cap of $327.12 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date 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.