LWM Advisory Services LLC Lowers Position in Invesco QQQ (NASDAQ:QQQ)

LWM Advisory Services LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,415 shares of the exchange traded fund’s stock after selling 340 shares during the quarter. Invesco QQQ comprises 1.9% of LWM Advisory Services LLC’s portfolio, making the stock its 15th largest position. LWM Advisory Services LLC’s holdings in Invesco QQQ were worth $2,768,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC grew its stake in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after buying an additional 4,105,389 shares during the period. Toronto Dominion Bank grew its stake in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares during the period. Cibc World Market Inc. grew its stake in Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after buying an additional 324,948 shares during the period. Bell Bank boosted its stake in shares of Invesco QQQ by 112.7% in the fourth quarter. Bell Bank now owns 381,080 shares of the exchange traded fund’s stock valued at $194,820,000 after purchasing an additional 201,918 shares during the period. Finally, Empirical Asset Management LLC boosted its stake in shares of Invesco QQQ by 15,676.3% in the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock valued at $103,720,000 after purchasing an additional 201,597 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $526.08 on Friday. The firm has a fifty day simple moving average of $523.39 and a 200-day simple moving average of $501.12. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Dividend Announcement

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