Invesco QQQ (NASDAQ:QQQ) is CJM Wealth Advisers Ltd.’s 2nd Largest Position

CJM Wealth Advisers Ltd. lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,916 shares of the exchange traded fund’s stock after selling 525 shares during the period. Invesco QQQ comprises about 19.4% of CJM Wealth Advisers Ltd.’s investment portfolio, making the stock its 2nd largest position. CJM Wealth Advisers Ltd.’s holdings in Invesco QQQ were worth $57,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Lantz Financial LLC acquired a new stake in shares of Invesco QQQ during the 2nd quarter valued at approximately $214,000. Campbell Wealth Management lifted its position in shares of Invesco QQQ by 3.7% in the 2nd quarter. Campbell Wealth Management now owns 159,061 shares of the exchange traded fund’s stock worth $76,208,000 after buying an additional 5,603 shares during the last quarter. Cibc World Market Inc. lifted its position in shares of Invesco QQQ by 15.7% in the 2nd quarter. Cibc World Market Inc. now owns 329,918 shares of the exchange traded fund’s stock worth $158,067,000 after buying an additional 44,863 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in shares of Invesco QQQ by 0.6% in the 2nd quarter. Y.D. More Investments Ltd now owns 28,259 shares of the exchange traded fund’s stock valued at $13,537,000 after buying an additional 155 shares during the period. Finally, Johnson Investment Counsel Inc. grew its position in shares of Invesco QQQ by 23.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 73,819 shares of the exchange traded fund’s stock valued at $35,367,000 after buying an additional 14,123 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $515.27 on Friday. Invesco QQQ has a 12-month low of $401.71 and a 12-month high of $539.15. The stock’s 50 day simple moving average is $514.52 and its 200 day simple moving average is $490.73.

Invesco QQQ Announces Dividend

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