Perfromance Wealth Partners LLC Has $2.57 Million Position in Invesco QQQ $QQQ

Key Points

• Performance Wealth Partners LLC increased its stake in Invesco QQQ by 73.7%, acquiring a total of 4,662 shares valued at approximately $2.57 million.
• Invesco QQQ has recently announced a dividend increase to $0.694 per share, up from the previous $0.59, with the annualized yield now at 0.5%.
• As of now, 44.58% of Invesco QQQ's stock is owned by institutional investors and hedge funds.

Perfromance Wealth Partners LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 73.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,662 shares of the exchange traded fund's stock after acquiring an additional 1,978 shares during the quarter. Perfromance Wealth Partners LLC's holdings in Invesco QQQ were worth $2,572,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Compass Financial Services Inc raised its stake in Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after acquiring an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. raised its stake in Invesco QQQ by 4.2% during the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock worth $271,000 after acquiring an additional 20 shares in the last quarter. Barrett & Company Inc. raised its stake in Invesco QQQ by 14.9% during the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock worth $85,000 after acquiring an additional 20 shares in the last quarter. Investment Advisory Group LLC grew its holdings in shares of Invesco QQQ by 0.4% during the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund's stock worth $3,158,000 after purchasing an additional 20 shares during the last quarter. Finally, waypoint wealth counsel grew its holdings in shares of Invesco QQQ by 0.6% during the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund's stock worth $1,964,000 after purchasing an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $598.00 on Wednesday. The stock's fifty day moving average is $585.40 and its 200-day moving average is $538.03. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. 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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