Corepath Wealth Partners LLC Purchases New Holdings in Invesco QQQ (NASDAQ:QQQ)

Corepath Wealth Partners LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 812 shares of the exchange traded fund's stock, valued at approximately $361,000. Invesco QQQ makes up approximately 0.3% of Corepath Wealth Partners LLC's investment portfolio, making the stock its 21st largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ in the fourth quarter valued at $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ in the first quarter valued at $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at $51,000. Finally, Banque Transatlantique SA bought a new stake in shares of Invesco QQQ during the 4th quarter worth $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $4.65 during mid-day trading on Tuesday, reaching $546.99. The company had a trading volume of 55,673,655 shares, compared to its average volume of 39,100,574. The company has a 50-day moving average price of $512.13 and a two-hundred day moving average price of $503.87. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $552.80.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.