Waverly Advisors LLC Buys 8,792 Shares of Invesco QQQ (NASDAQ:QQQ)

Waverly Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 10.7% during the 4th quarter, HoldingsChannel reports. The firm owned 90,904 shares of the exchange traded fund’s stock after purchasing an additional 8,792 shares during the quarter. Invesco QQQ comprises about 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 made changes to their positions in the company. Proficio Capital Partners LLC boosted its position in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after buying an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC raised its position in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares during the last quarter. NWI Management LP raised its position in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock valued at $331,277,000 after buying an additional 3,648,000 shares during the last quarter. Senator Investment Group LP bought a new stake in Invesco QQQ in the 4th quarter valued at approximately $679,936,000. Finally, Artemis Wealth Advisors LLC boosted its position in Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after acquiring an additional 895,277 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.1%

Shares of QQQ opened at $522.01 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The stock has a market capitalization of $327.12 billion, a P/E ratio of 30.62 and a beta of 1.11. The company has a 50 day moving average of $471.81 and a 200-day moving average of $500.39.

Invesco QQQ Cuts Dividend

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

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.