LWM Advisory Services LLC Raises Stake in Invesco QQQ (NASDAQ:QQQ)

LWM Advisory Services LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 217.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,653 shares of the exchange traded fund’s stock after purchasing an additional 3,189 shares during the quarter. Invesco QQQ makes up approximately 1.7% of LWM Advisory Services LLC’s investment portfolio, making the stock its 14th largest position. LWM Advisory Services LLC’s holdings in Invesco QQQ were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Steele Capital Management Inc. bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $85,017,000. Fernwood Investment Management LLC bought a new position in Invesco QQQ in the fourth quarter worth about $761,000. Intrust Bank NA raised its holdings in Invesco QQQ by 414.0% in the fourth quarter. Intrust Bank NA now owns 29,090 shares of the exchange traded fund’s stock worth $11,913,000 after purchasing an additional 23,431 shares in the last quarter. Bluesphere Advisors LLC increased its holdings in shares of Invesco QQQ by 174.6% during the fourth quarter. Bluesphere Advisors LLC now owns 2,485 shares of the exchange traded fund’s stock valued at $1,017,000 after acquiring an additional 1,580 shares in the last quarter. Finally, Avaii Wealth Management LLC increased its holdings in shares of Invesco QQQ by 2.2% during the fourth quarter. Avaii Wealth Management LLC now owns 12,797 shares of the exchange traded fund’s stock valued at $5,241,000 after acquiring an additional 280 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded up $1.75 during mid-day trading on Monday, hitting $432.75. 29,370,162 shares of the company traded hands, compared to its average volume of 45,941,555. Invesco QQQ has a 1-year low of $315.11 and a 1-year high of $449.34. The business has a 50 day moving average of $436.88 and a 200 day moving average of $410.68.

Invesco QQQ Dividend Announcement

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

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.