Impact Partnership Wealth LLC Purchases 5,518 Shares of Invesco QQQ (NASDAQ:QQQ)

Impact Partnership Wealth LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 12.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,711 shares of the exchange traded fund’s stock after acquiring an additional 5,518 shares during the period. Invesco QQQ makes up 5.3% of Impact Partnership Wealth LLC’s portfolio, making the stock its 3rd biggest position. Impact Partnership Wealth LLC’s holdings in Invesco QQQ were worth $23,774,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the 1st quarter valued at about $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ during the 2nd quarter valued at about $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ during the 1st quarter valued at about $40,000. CGC Financial Services LLC increased its stake in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. increased its stake in Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $492.32 on Friday. The company’s 50-day moving average price is $479.75 and its two-hundred day moving average price is $466.12. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

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.