Invesco QQQ $QQQ Shares Bought by Corepath Wealth Partners LLC

Corepath Wealth Partners LLC grew its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 19.7% in the fourth quarter, Holdings Channel reports. The fund owned 8,723 shares of the exchange traded fund’s stock after purchasing an additional 1,436 shares during the period. Invesco QQQ accounts for about 3.7% of Corepath Wealth Partners LLC’s portfolio, making the stock its 11th largest holding. Corepath Wealth Partners LLC’s holdings in Invesco QQQ were worth $5,471,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fifth Third Securities Inc. grew its stake in shares of Invesco QQQ by 2.6% in the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after acquiring an additional 2,822 shares in the last quarter. SK Wealth Management LLC purchased a new position in Invesco QQQ in the third quarter valued at $803,000. Great Point Wealth Advisors LLC purchased a new position in Invesco QQQ in the third quarter valued at $507,000. Strengthening Families & Communities LLC acquired a new position in Invesco QQQ during the 3rd quarter worth $10,771,000. Finally, Coyle Financial Counsel LLC increased its holdings in Invesco QQQ by 4.9% during the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after purchasing an additional 2,035 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Stock Down 0.8%

QQQ stock opened at $558.28 on Tuesday. The business’s 50-day moving average is $604.81 and its two-hundred day moving average is $609.63. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%.

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.

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

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