Partnership Wealth Management LLC Invests $117,000 in Invesco QQQ (NASDAQ:QQQ)

Partnership Wealth Management LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 280 shares of the exchange traded fund’s stock, valued at approximately $117,000.

Other institutional investors have also made changes to their positions in the company. Congress Wealth Management LLC DE increased its position in shares of Invesco QQQ by 37.7% during the 3rd quarter. Congress Wealth Management LLC DE now owns 8,395 shares of the exchange traded fund’s stock worth $3,008,000 after purchasing an additional 2,298 shares during the last quarter. Marks Group Wealth Management Inc increased its stake in shares of Invesco QQQ by 20.6% during the 3rd quarter. Marks Group Wealth Management Inc now owns 1,208 shares of the exchange traded fund’s stock worth $433,000 after purchasing an additional 206 shares during the last quarter. Meritage Portfolio Management lifted its stake in Invesco QQQ by 1.9% in the 3rd quarter. Meritage Portfolio Management now owns 1,634 shares of the exchange traded fund’s stock valued at $585,000 after purchasing an additional 30 shares during the last quarter. Pathway Financial Advisors LLC increased its position in Invesco QQQ by 3.0% during the third quarter. Pathway Financial Advisors LLC now owns 4,240 shares of the exchange traded fund’s stock worth $1,519,000 after buying an additional 122 shares during the last quarter. Finally, Analyst IMS Investment Management Services Ltd. raised its stake in Invesco QQQ by 1.5% in the third quarter. Analyst IMS Investment Management Services Ltd. now owns 828,613 shares of the exchange traded fund’s stock valued at $296,652,000 after buying an additional 11,952 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $1.02 during midday trading on Monday, hitting $443.08. 22,929,629 shares of the company’s stock were exchanged, compared to its average volume of 44,663,016. Invesco QQQ has a 12 month low of $323.96 and a 12 month high of $449.34. The company’s 50 day moving average price is $436.73 and its 200 day moving average price is $415.81.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were issued a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.52%.

About Invesco QQQ

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.