Westfuller Advisors LLC Has $2.62 Million Position in Invesco QQQ (NASDAQ:QQQ)

Westfuller Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,124 shares of the exchange traded fund’s stock after purchasing an additional 59 shares during the period. Invesco QQQ comprises about 1.7% of Westfuller Advisors LLC’s portfolio, making the stock its 17th largest position. Westfuller Advisors LLC’s holdings in Invesco QQQ were worth $2,619,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Wealth Group Ltd. boosted its holdings in shares of Invesco QQQ by 6.9% in the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund’s stock valued at $810,000 after buying an additional 102 shares during the period. Tallon Kerry Patrick acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $4,904,000. Capital & Planning LLC lifted its position in Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund’s stock valued at $2,477,000 after acquiring an additional 229 shares in the last quarter. Naviter Wealth LLC boosted its stake in Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock worth $675,000 after purchasing an additional 107 shares during the period. Finally, Eagle Capital Management LLC boosted its stake in Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock worth $31,025,000 after purchasing an additional 185 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ opened at $509.24 on Friday. The business’s 50-day moving average price is $474.84 and its two-hundred day moving average price is $500.92. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company has a market capitalization of $319.12 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

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.