Western Wealth Management LLC Boosts Position in Invesco QQQ $QQQ

Western Wealth Management LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 0.9% during the 4th quarter, Holdings Channel.com reports. 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 approximately 3.7% of Western Wealth Management LLC’s portfolio, making the stock its largest position. Western Wealth Management LLC’s holdings in Invesco QQQ were worth $79,822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Atlas Private Wealth Advisors grew its position in Invesco QQQ by 5.5% during the 4th quarter. Atlas Private Wealth Advisors now owns 26,946 shares of the exchange traded fund’s stock worth $16,553,000 after acquiring an additional 1,398 shares during the last quarter. Bayshore Capital Advisors LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $1,089,000. SFE Investment Counsel increased its holdings in Invesco QQQ by 10.8% during the 4th quarter. SFE Investment Counsel now owns 399 shares of the exchange traded fund’s stock valued at $245,000 after purchasing an additional 39 shares during the period. Castle Rock Wealth Management LLC increased its holdings in Invesco QQQ by 7.9% during the 4th quarter. Castle Rock Wealth Management LLC now owns 8,246 shares of the exchange traded fund’s stock valued at $5,050,000 after purchasing an additional 601 shares during the period. Finally, Proactive Wealth Strategies LLC increased its holdings in Invesco QQQ by 13.8% during the 4th quarter. Proactive Wealth Strategies LLC now owns 7,429 shares of the exchange traded fund’s stock valued at $4,564,000 after purchasing an additional 899 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $714.71 on Thursday. Invesco QQQ has a 1 year low of $505.58 and a 1 year high of $716.65. The stock’s 50-day moving average is $624.06 and its 200 day moving average is $618.92.

Invesco QQQ Cuts Dividend

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

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(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

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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