Invesco QQQ $QQQ Stock Acquired by Partners Wealth Management LLC

Partners Wealth Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 1,009.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,884 shares of the exchange traded fund’s stock after purchasing an additional 19,001 shares during the quarter. Invesco QQQ accounts for approximately 1.6% of Partners Wealth Management LLC’s holdings, making the stock its 11th biggest position. Partners Wealth Management LLC’s holdings in Invesco QQQ were worth $15,465,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. High Point Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 17 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in Invesco QQQ during the first quarter valued at approximately $28,000. Financial Management Professionals Inc. increased its holdings in Invesco QQQ by 83.3% during the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 25 shares during the last quarter. Bullseye Investment Management LLC purchased a new stake in Invesco QQQ during the second quarter valued at approximately $44,000. Finally, DecisionPoint Financial LLC raised its position in Invesco QQQ by 65.0% in the third quarter. DecisionPoint Financial LLC now owns 66 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

More Invesco QQQ News

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Invesco QQQ Trading Down 3.5%

QQQ opened at $690.49 on Friday. The firm’s 50 day simple moving average is $725.00 and its two-hundred day simple moving average is $679.01. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were paid a $0.7514 dividend. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st. This represents a $3.01 annualized dividend and a dividend yield of 0.4%.

About Invesco QQQ

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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