WMG Financial Advisors LLC Buys 330 Shares of Invesco QQQ (NASDAQ:QQQ)

WMG Financial Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,415 shares of the exchange traded fund’s stock after purchasing an additional 330 shares during the period. Invesco QQQ comprises approximately 1.0% of WMG Financial Advisors LLC’s portfolio, making the stock its 17th biggest position. WMG Financial Advisors LLC’s holdings in Invesco QQQ were worth $2,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC grew its holdings in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Invesco QQQ by 47,853.9% in the fourth 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 acquiring an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after acquiring an additional 895,277 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Finally, Cibc World Market Inc. grew its holdings in shares of Invesco QQQ by 90.0% in the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after acquiring an additional 324,948 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 2.2 %

Invesco QQQ stock opened at $497.05 on Tuesday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The business’s 50 day simple moving average is $521.53 and its 200 day simple moving average is $503.73. The company has a market cap of $313.27 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.