Madison Wealth Partners Inc Buys 1,303 Shares of Invesco QQQ (NASDAQ:QQQ)

Madison Wealth Partners Inc increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,839 shares of the exchange traded fund’s stock after purchasing an additional 1,303 shares during the quarter. Invesco QQQ accounts for approximately 2.4% of Madison Wealth Partners Inc’s investment portfolio, making the stock its 10th largest position. Madison Wealth Partners Inc’s holdings in Invesco QQQ were worth $7,110,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ during the 1st quarter worth $28,000. Deane Retirement Strategies Inc. bought a new position in Invesco QQQ in the first quarter valued at about $29,000. Mechanics Financial Corp acquired a new position in Invesco QQQ during the second quarter worth about $30,000. Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $35,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.4 %

Shares of Invesco QQQ stock opened at $473.24 on Tuesday. The firm’s 50 day moving average is $469.61 and its 200 day moving average is $457.60. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

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.