Core Wealth Partners LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Core Wealth Partners LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,200 shares of the exchange traded fund’s stock after purchasing an additional 78 shares during the period. Core Wealth Partners LLC’s holdings in Invesco QQQ were worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of QQQ. SOA Wealth Advisors LLC. increased its position in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares during the period. Davis R M Inc. grew its stake in Invesco QQQ by 3.2% during the 3rd quarter. Davis R M Inc. now owns 3,789 shares of the exchange traded fund’s stock valued at $1,849,000 after purchasing an additional 118 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Invesco QQQ by 95.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,145 shares of the exchange traded fund’s stock valued at $559,000 after purchasing an additional 558 shares during the period. Blue Investment Partners LLC raised its stake in shares of Invesco QQQ by 5.2% in the third quarter. Blue Investment Partners LLC now owns 2,006 shares of the exchange traded fund’s stock worth $979,000 after purchasing an additional 100 shares during the last quarter. Finally, Elios Financial Group Inc. purchased a new stake in Invesco QQQ in the third quarter valued at approximately $1,533,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.6 %

Shares of NASDAQ QQQ opened at $493.46 on Wednesday. The company has a 50 day simple moving average of $510.77 and a two-hundred day simple moving average of $504.97. The stock has a market cap of $311.00 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.