Invesco QQQ $QQQ Shares Purchased by Corepath Wealth Partners LLC

Key Points

• Corepath Wealth Partners LLC increased its stake in Invesco QQQ by 85.3% during the second quarter, now owning 1,505 shares valued at approximately $837,000.
• Invesco QQQ recently cut its quarterly dividend to $0.5911, resulting in an annualized dividend yield of 0.4%.
• Overall, 44.58% of Invesco QQQ stock is currently held by institutional investors, with several firms also increasing their stakes during the same period.

Corepath Wealth Partners LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 85.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,505 shares of the exchange traded fund's stock after buying an additional 693 shares during the quarter. Invesco QQQ makes up about 0.7% of Corepath Wealth Partners LLC's investment portfolio, making the stock its 17th largest holding. Corepath Wealth Partners LLC's holdings in Invesco QQQ were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Chemistry Wealth Management LLC lifted its stake in Invesco QQQ by 3.4% during the second quarter. Chemistry Wealth Management LLC now owns 3,099 shares of the exchange traded fund's stock worth $1,709,000 after purchasing an additional 101 shares during the last quarter. Adamsbrown Wealth Consultants LLC lifted its stake in Invesco QQQ by 6.1% during the second quarter. Adamsbrown Wealth Consultants LLC now owns 5,053 shares of the exchange traded fund's stock worth $2,787,000 after purchasing an additional 292 shares during the last quarter. Silverleafe Capital Partners LLC lifted its stake in Invesco QQQ by 17.5% during the second quarter. Silverleafe Capital Partners LLC now owns 52,743 shares of the exchange traded fund's stock worth $29,095,000 after purchasing an additional 7,846 shares during the last quarter. Atlas Brown Inc. lifted its stake in Invesco QQQ by 9.2% during the second quarter. Atlas Brown Inc. now owns 4,018 shares of the exchange traded fund's stock worth $2,216,000 after purchasing an additional 338 shares during the last quarter. Finally, Beacon Wealthcare LLC bought a new position in Invesco QQQ during the second quarter worth $234,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.4%

QQQ stock opened at $586.66 on Monday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $587.86. The stock's fifty day moving average is $568.24 and its two-hundred day moving average is $520.68.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

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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