Invesco QQQ $QQQ Stock Position Raised by Western Wealth Management LLC

Western Wealth Management LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,938 shares of the exchange traded fund’s stock after purchasing an additional 1,217 shares during the quarter. Invesco QQQ accounts for about 3.7% of Western Wealth Management LLC’s holdings, making the stock its biggest holding. Western Wealth Management LLC’s holdings in Invesco QQQ were worth $79,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goodman Advisory Group LLC purchased a new position in Invesco QQQ in the third quarter worth $25,000. Shcp LLC bought a new stake in Invesco QQQ during the third quarter worth about $27,000. Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ during the fourth quarter worth about $29,000. Measured Wealth Private Client Group LLC bought a new stake in Invesco QQQ during the third quarter worth about $40,000. Finally, Morgan Dempsey Capital Management LLC lifted its stake in Invesco QQQ by 45.5% during the third quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Stock Up 1.1%

Shares of QQQ stock opened at $714.71 on Thursday. The business has a 50-day moving average price of $624.06 and a two-hundred day moving average price of $618.92. Invesco QQQ has a 12-month low of $505.58 and a 12-month high of $716.65.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.4%.

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.

See Also

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

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