CFM Wealth Partners LLC Purchases 711 Shares of Invesco QQQ $QQQ

Key Points

• CFM Wealth Partners LLC increased its position in Invesco QQQ by 4.1%, acquiring an additional 711 shares in the 2nd quarter, bringing its total holdings to 17,978 shares worth approximately $9.9 million.
• Invesco QQQ has declared a quarterly dividend of $0.694, an increase from the previous dividend of $0.59, with an annualized yield of 0.5%.
• Shares of Invesco QQQ opened at $604.51, with a 12-month trading range between $402.39 and $609.71.

CFM Wealth Partners LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,978 shares of the exchange traded fund's stock after acquiring an additional 711 shares during the quarter. Invesco QQQ comprises 1.6% of CFM Wealth Partners LLC's holdings, making the stock its 16th biggest position. CFM Wealth Partners LLC's holdings in Invesco QQQ were worth $9,917,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the 2nd quarter valued at approximately $41,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the 1st quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the 1st quarter valued at approximately $51,000. Blume Capital Management Inc. increased its stake in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC increased its stake in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $604.51 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $609.71. The firm's 50 day simple moving average is $581.39 and its two-hundred day simple moving average is $533.92.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a $0.694 dividend. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.

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