Invesco QQQ $QQQ Shares Bought by Wise Wealth Partners

Wise Wealth Partners raised its stake in Invesco QQQ (NASDAQ:QQQ) by 88.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,054 shares of the exchange traded fund’s stock after acquiring an additional 962 shares during the quarter. Invesco QQQ makes up approximately 1.9% of Wise Wealth Partners’ investment portfolio, making the stock its 12th largest position. Wise Wealth Partners’ holdings in Invesco QQQ were worth $1,133,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Compass Financial Services Inc lifted its holdings in Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after acquiring an additional 19 shares during the period. Vermillion Wealth Management Inc. lifted its holdings in Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after acquiring an additional 20 shares during the period. Barrett & Company Inc. lifted its holdings in Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 20 shares during the period. MTM Investment Management LLC lifted its holdings in Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after acquiring an additional 21 shares during the period. Finally, Cutler Investment Counsel LLC lifted its holdings in Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after acquiring an additional 21 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.5%

Shares of QQQ stock opened at $604.51 on Wednesday. The stock has a 50 day simple moving average of $581.39 and a 200-day simple moving average of $533.92. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $609.71.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ Company 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.