WMG Financial Advisors LLC Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

WMG Financial Advisors LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 8.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,415 shares of the exchange traded fund’s stock after purchasing an additional 330 shares during the period. Invesco QQQ comprises about 1.0% of WMG Financial Advisors LLC’s portfolio, making the stock its 17th biggest holding. WMG Financial Advisors LLC’s holdings in Invesco QQQ were worth $2,257,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its position in shares of Invesco QQQ by 0.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 279,334 shares of the exchange traded fund’s stock worth $142,804,000 after acquiring an additional 1,749 shares in the last quarter. Global Strategic Investment Solutions LLC lifted its position in shares of Invesco QQQ by 4.1% during the fourth quarter. Global Strategic Investment Solutions LLC now owns 2,587 shares of the exchange traded fund’s stock worth $1,322,000 after acquiring an additional 103 shares in the last quarter. Resolute Wealth Strategies LLC lifted its position in shares of Invesco QQQ by 14.4% during the fourth quarter. Resolute Wealth Strategies LLC now owns 1,466 shares of the exchange traded fund’s stock worth $750,000 after acquiring an additional 185 shares in the last quarter. Bravias Capital Group LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $1,694,000. Finally, Wernau Asset Management Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $353,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $497.05 on Tuesday. The company has a market cap of $313.27 billion, a P/E ratio of 33.43 and a beta of 1.11. The stock’s fifty day moving average price is $521.53 and its two-hundred day moving average price is $503.73. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Announces Dividend

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

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.