Core Wealth Partners LLC Has $911,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Core Wealth Partners LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,053 shares of the exchange traded fund’s stock after acquiring an additional 176 shares during the period. Core Wealth Partners LLC’s holdings in Invesco QQQ were worth $911,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in QQQ. International Assets Investment Management LLC increased its stake in Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Invesco QQQ during the first quarter worth $1,580,776,000. Commonwealth Equity Services LLC raised its stake in shares of Invesco QQQ by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after purchasing an additional 162,691 shares during the period. CHURCHILL MANAGEMENT Corp boosted its holdings in shares of Invesco QQQ by 30.7% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after buying an additional 433,317 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Invesco QQQ by 15.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,458,165 shares of the exchange traded fund’s stock valued at $597,148,000 after buying an additional 194,381 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.8 %

QQQ opened at $491.04 on Friday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $491.17. The company’s 50-day moving average price is $459.98 and its two-hundred day moving average price is $438.63.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, June 24th.

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.