CFM Wealth Partners LLC Grows Stock Holdings in Invesco QQQ $QQQ

CFM Wealth Partners LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.1% during the 2nd quarter, Holdings Channel reports. The fund owned 17,978 shares of the exchange traded fund’s stock after purchasing an additional 711 shares during the period. Invesco QQQ makes up about 1.6% of CFM Wealth Partners LLC’s holdings, making the stock its 16th largest holding. CFM Wealth Partners LLC’s holdings in Invesco QQQ were worth $9,917,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares during the period. Wealth Group Ltd. grew its position in Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after buying an additional 4,835 shares during the period. Portside Wealth Group LLC grew its position in Invesco QQQ by 8.0% during the first quarter. Portside Wealth Group LLC now owns 1,831 shares of the exchange traded fund’s stock valued at $859,000 after buying an additional 136 shares during the period. Finally, Tounjian Advisory Partners LLC acquired a new stake in Invesco QQQ during the first quarter valued at $250,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $604.51 on Wednesday. The firm’s fifty day moving average is $581.39 and its 200 day moving average is $533.92. Invesco QQQ has a one year low of $402.39 and a one year high of $609.71.

Invesco QQQ Increases Dividend

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

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.