CMG Global Holdings LLC Acquires 63 Shares of Invesco QQQ (NASDAQ:QQQ)

CMG Global Holdings LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,742 shares of the exchange traded fund’s stock after buying an additional 63 shares during the period. Invesco QQQ comprises 4.1% of CMG Global Holdings LLC’s investment portfolio, making the stock its 5th largest position. CMG Global Holdings LLC’s holdings in Invesco QQQ were worth $7,304,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Evernest Financial Advisors LLC lifted its position in Invesco QQQ by 3.4% during the fourth quarter. Evernest Financial Advisors LLC now owns 2,954 shares of the exchange traded fund’s stock valued at $1,510,000 after buying an additional 98 shares in the last quarter. Granite Harbor Advisors Inc. lifted its position in Invesco QQQ by 7.3% during the fourth quarter. Granite Harbor Advisors Inc. now owns 32,470 shares of the exchange traded fund’s stock valued at $16,599,000 after buying an additional 2,223 shares in the last quarter. Quantum Financial Planning Services Inc. acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $625,000. Strategic Advocates LLC lifted its position in Invesco QQQ by 1.9% during the fourth quarter. Strategic Advocates LLC now owns 50,208 shares of the exchange traded fund’s stock valued at $25,668,000 after buying an additional 923 shares in the last quarter. Finally, Sonora Investment Management Group LLC lifted its position in Invesco QQQ by 18.8% during the fourth quarter. Sonora Investment Management Group LLC now owns 5,108 shares of the exchange traded fund’s stock valued at $2,612,000 after buying an additional 810 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.1 %

Shares of QQQ stock opened at $522.29 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The firm’s 50 day moving average price is $519.22 and its two-hundred day moving average price is $493.95.

Invesco QQQ Announces Dividend

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