Cedar Point Capital Partners LLC Purchases 66 Shares of Invesco QQQ $QQQ

Cedar Point Capital Partners LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 14.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 510 shares of the exchange traded fund’s stock after buying an additional 66 shares during the quarter. Cedar Point Capital Partners LLC’s holdings in Invesco QQQ were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $51,000. Banque Transatlantique SA bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $57,000. Finally, Blume Capital Management Inc. grew its stake in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $571.97 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32. The company’s 50 day simple moving average is $557.92 and its 200-day simple moving average is $515.81.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.