Wise Wealth Partners Purchases 962 Shares of Invesco QQQ $QQQ

Key Points

• Wise Wealth Partners increased its holdings in Invesco QQQ by 88.1% in the second quarter, acquiring an additional 962 shares for a total of 2,054 shares valued at $1,133,000.
• Invesco QQQ is now the 12th largest holding in Wise Wealth Partners' portfolio, representing approximately 1.9% of their total investments.
• The company announced an increase in its quarterly dividend to $0.694 per share, up from $0.59, resulting in an annualized yield of 0.5%.

Wise Wealth Partners boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 88.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,054 shares of the exchange traded fund's stock after purchasing an additional 962 shares during the quarter. Invesco QQQ makes up approximately 1.9% of Wise Wealth Partners' investment portfolio, making the stock its 12th largest holding. Wise Wealth Partners' holdings in Invesco QQQ were worth $1,133,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GSG Advisors LLC grew its stake in shares of Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after acquiring an additional 585 shares during the last quarter. Amundi grew its stake in shares of Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock worth $49,980,000 after acquiring an additional 6,600 shares during the last quarter. Jackson Wealth Management LLC grew its stake in shares of Invesco QQQ by 8.6% during the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock worth $9,428,000 after acquiring an additional 1,586 shares during the last quarter. Greykasell Wealth Strategies Inc. grew its stake in shares of Invesco QQQ by 8.4% during the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock worth $3,649,000 after acquiring an additional 605 shares during the last quarter. Finally, AM Investment Strategies LLC grew its stake in shares of Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund's stock worth $904,000 after acquiring an additional 612 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $604.51 on Wednesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $609.71. The stock's 50-day simple moving average is $581.39 and its 200-day simple moving average is $533.92.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 22nd.

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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