RWA Wealth Partners LLC Has $40.29 Million Stock Holdings in Invesco QQQ $QQQ

RWA Wealth Partners LLC trimmed its position in Invesco QQQ (NASDAQ:QQQFree Report) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,111 shares of the exchange traded fund’s stock after selling 3,917 shares during the quarter. RWA Wealth Partners LLC’s holdings in Invesco QQQ were worth $40,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. North Star Asset Management Inc. bought a new position in shares of Invesco QQQ in the 3rd quarter valued at about $276,000. Waddell & Associates LLC lifted its holdings in Invesco QQQ by 8.5% in the third quarter. Waddell & Associates LLC now owns 2,910 shares of the exchange traded fund’s stock valued at $1,747,000 after buying an additional 228 shares during the period. Invictus Private Wealth LLC lifted its holdings in Invesco QQQ by 1.2% in the third quarter. Invictus Private Wealth LLC now owns 356,140 shares of the exchange traded fund’s stock valued at $213,816,000 after buying an additional 4,296 shares during the period. Corepath Wealth Partners LLC boosted its stake in Invesco QQQ by 384.2% in the third quarter. Corepath Wealth Partners LLC now owns 7,287 shares of the exchange traded fund’s stock valued at $4,428,000 after acquiring an additional 5,782 shares during the last quarter. Finally, Avant Capital LLC grew its holdings in Invesco QQQ by 32.1% during the 3rd quarter. Avant Capital LLC now owns 580 shares of the exchange traded fund’s stock worth $348,000 after acquiring an additional 141 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.1%

Shares of Invesco QQQ stock opened at $607.82 on Wednesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The firm has a fifty day moving average of $616.14 and a two-hundred day moving average of $605.96.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a yield of 0.5%.

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About Invesco QQQ

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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