Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Western Wealth Management LLC

Western Wealth Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,370 shares of the exchange traded fund’s stock after acquiring an additional 6,709 shares during the period. Invesco QQQ comprises approximately 4.4% of Western Wealth Management LLC’s portfolio, making the stock its 2nd largest position. Western Wealth Management LLC’s holdings in Invesco QQQ were worth $60,351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. Moneta Group Investment Advisors LLC lifted its position in Invesco QQQ by 156,045.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after acquiring an additional 43,463,232 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares during the last quarter. Morgan Stanley raised its holdings in shares of Invesco QQQ by 10.0% in the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after buying an additional 1,533,114 shares during the last quarter. Barclays PLC raised its holdings in shares of Invesco QQQ by 113.5% in the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after buying an additional 48,423,350 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Invesco QQQ by 1.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after buying an additional 52,019 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $2.43 on Thursday, reaching $423.41. The company’s stock had a trading volume of 46,045,029 shares, compared to its average volume of 45,625,719. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34. The stock’s 50-day moving average is $438.24 and its two-hundred day moving average is $407.40.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.54%.

Invesco QQQ Company 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.