Invesco QQQ (NASDAQ:QQQ) is CMG Global Holdings LLC’s 5th Largest Position

CMG Global Holdings LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,742 shares of the exchange traded fund’s stock after acquiring an additional 63 shares during the quarter. Invesco QQQ makes up 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.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Evernest Financial Advisors LLC grew its holdings in shares of 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 worth $1,510,000 after buying an additional 98 shares in the last quarter. Granite Harbor Advisors Inc. grew its holdings in shares of 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 worth $16,599,000 after buying an additional 2,223 shares in the last quarter. Quantum Financial Planning Services Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $625,000. Strategic Advocates LLC grew its holdings in shares of Invesco QQQ by 1.9% during the fourth quarter. Strategic Advocates LLC now owns 50,208 shares of the exchange traded fund’s stock worth $25,668,000 after buying an additional 923 shares in the last quarter. Finally, Sonora Investment Management Group LLC grew its holdings in shares of 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 worth $2,612,000 after buying an additional 810 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.1 %

Shares of NASDAQ QQQ opened at $522.29 on Friday. The company has a 50-day simple moving average of $519.22 and a 200-day simple moving average of $493.95. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently announced 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 was Monday, December 23rd.

Invesco QQQ 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.