Impact Partnership Wealth LLC Has $40.45 Million Position in Invesco QQQ (NASDAQ:QQQ)

Impact Partnership Wealth LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,251 shares of the exchange traded fund's stock after purchasing an additional 17,180 shares during the quarter. Invesco QQQ comprises 8.6% of Impact Partnership Wealth LLC's portfolio, making the stock its 2nd largest position. Impact Partnership Wealth LLC's holdings in Invesco QQQ were worth $40,445,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Resurgent Financial Advisors LLC grew its holdings in Invesco QQQ by 117.8% in the first quarter. Resurgent Financial Advisors LLC now owns 545 shares of the exchange traded fund's stock valued at $256,000 after purchasing an additional 3,602 shares during the period. Mainstay Capital Management LLC ADV lifted its position in Invesco QQQ by 20.3% during the first quarter. Mainstay Capital Management LLC ADV now owns 919 shares of the exchange traded fund's stock valued at $431,000 after buying an additional 155 shares in the last quarter. STAR Financial Bank lifted its position in Invesco QQQ by 2.4% during the first quarter. STAR Financial Bank now owns 11,380 shares of the exchange traded fund's stock valued at $5,336,000 after buying an additional 262 shares in the last quarter. Members Advisory Group LLC lifted its position in Invesco QQQ by 0.5% during the first quarter. Members Advisory Group LLC now owns 8,650 shares of the exchange traded fund's stock valued at $4,069,000 after buying an additional 40 shares in the last quarter. Finally, Csenge Advisory Group lifted its position in Invesco QQQ by 9.2% during the first quarter. Csenge Advisory Group now owns 135,049 shares of the exchange traded fund's stock valued at $59,975,000 after buying an additional 11,399 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.1%

QQQ stock traded down $0.54 during midday trading on Friday, reaching $561.26. 50,428,921 shares of the company's stock traded hands, compared to its average volume of 39,495,266. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $564.73. The business has a 50-day moving average price of $534.38 and a two-hundred day moving average price of $507.15.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%.

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.