Cyndeo Wealth Partners LLC Acquires 1,124 Shares of Invesco QQQ $QQQ

Cyndeo Wealth Partners LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 19.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,819 shares of the exchange traded fund’s stock after purchasing an additional 1,124 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Invesco QQQ were worth $3,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of QQQ. L. Roy Papp & Associates LLP increased its stake in shares of Invesco QQQ by 19.4% in the second quarter. L. Roy Papp & Associates LLP now owns 615 shares of the exchange traded fund’s stock valued at $339,000 after buying an additional 100 shares in the last quarter. Brandywine Oak Private Wealth LLC grew its holdings in Invesco QQQ by 0.6% during the 2nd quarter. Brandywine Oak Private Wealth LLC now owns 6,179 shares of the exchange traded fund’s stock worth $3,409,000 after acquiring an additional 35 shares during the last quarter. Ridgeline Wealth Planning LLC increased its position in Invesco QQQ by 13.6% in the 2nd quarter. Ridgeline Wealth Planning LLC now owns 10,998 shares of the exchange traded fund’s stock valued at $6,067,000 after acquiring an additional 1,314 shares in the last quarter. Riverchase Wealth Management LLC bought a new position in shares of Invesco QQQ in the second quarter worth about $204,000. Finally, Antonelli Financial Advisors LLC lifted its position in shares of Invesco QQQ by 10.0% during the second quarter. Antonelli Financial Advisors LLC now owns 45,731 shares of the exchange traded fund’s stock worth $25,227,000 after purchasing an additional 4,163 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $589.55 on Friday. The firm has a 50 day simple moving average of $583.89 and a 200 day simple moving average of $535.94. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.

Invesco QQQ Increases Dividend

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

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.