CW Advisors LLC Raises Holdings in Invesco QQQ $QQQ

CW Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,346 shares of the exchange traded fund’s stock after purchasing an additional 6,289 shares during the quarter. CW Advisors LLC’s holdings in Invesco QQQ were worth $36,816,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock valued at $3,080,000 after buying an additional 20 shares during the period. Willis Johnson & Associates Inc. lifted its holdings in shares of Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 21 shares during the period. MTM Investment Management LLC lifted its holdings in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after buying an additional 21 shares during the period. Cutler Investment Counsel LLC lifted its holdings in shares of Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after buying an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 1.6% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund’s stock valued at $707,000 after buying an additional 22 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ opened at $565.90 on Thursday. The business has a 50 day simple moving average of $556.43 and a 200-day simple moving average of $515.17. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.