Impact Partnership Wealth LLC Buys 20,360 Shares of Invesco QQQ (NASDAQ:QQQ)

Impact Partnership Wealth LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 41.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 69,071 shares of the exchange traded fund’s stock after purchasing an additional 20,360 shares during the quarter. Invesco QQQ makes up approximately 7.1% of Impact Partnership Wealth LLC’s investment portfolio, making the stock its 2nd largest holding. Impact Partnership Wealth LLC’s holdings in Invesco QQQ were worth $35,311,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northeast Investment Management grew its stake in Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after acquiring an additional 20 shares during the period. Planning Capital Management Corp lifted its holdings in shares of Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC grew its position in Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after purchasing an additional 20 shares during the period. Hoese & Co LLP increased its stake in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Finally, Skyline Advisors Inc. raised its holdings in Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after buying an additional 21 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

Shares of NASDAQ QQQ opened at $529.63 on Friday. The company has a 50-day moving average price of $517.20 and a 200-day moving average price of $493.09. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.