Corepath Wealth Partners LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Corepath Wealth Partners LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 812 shares of the exchange traded fund's stock, valued at approximately $361,000. Invesco QQQ accounts for 0.3% of Corepath Wealth Partners LLC's investment portfolio, making the stock its 21st largest position.

A number of other institutional investors and hedge funds have also modified their holdings of QQQ. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the fourth quarter worth $36,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ in the first quarter worth $51,000. Finally, Banque Transatlantique SA acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $57,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.3%

Shares of QQQ opened at $548.09 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $549.99. The stock's fifty day simple moving average is $509.76 and its 200-day simple moving average is $504.06.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

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.

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