Stone Wealth Partners Purchases New Stake in Invesco QQQ $QQQ

Stone Wealth Partners acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,226 shares of the exchange traded fund’s stock, valued at approximately $1,368,000. Invesco QQQ makes up approximately 1.2% of Stone Wealth Partners’ portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Carrera Capital Advisors grew its position in Invesco QQQ by 99.3% in the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after acquiring an additional 1,154 shares during the period. Sovran Advisors LLC raised its position in Invesco QQQ by 8.0% in the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after purchasing an additional 1,340 shares during the period. Corepath Wealth Partners LLC raised its position in Invesco QQQ by 19.7% in the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares during the period. Cane Capital Partners LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $715,000. Finally, Coyle Financial Counsel LLC lifted its stake in shares of Invesco QQQ by 4.9% in the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after purchasing an additional 2,035 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Invesco QQQ declared a quarterly dividend of $0.8135 per share, an 11.0% increase from the prior quarter, which can improve investor sentiment toward the fund. Article Title
• Positive Sentiment: Multiple articles highlighted QQQ’s strong long-term performance, including commentary that a modest investment in the ETF a decade ago would now be worth far more, reinforcing its status as a premier growth benchmark. Article Title
• Neutral Sentiment: Broader market and ETF coverage showed U.S. equity funds trading higher at times, suggesting the macro backdrop is supportive but not specific to QQQ alone. Article Title
• Neutral Sentiment: Several Fed-related commentaries pointed to a more hawkish policy tone and less forward guidance, which could pressure rate-sensitive growth stocks even as investors assess the implications for the Nasdaq-100. Article Title

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $740.62 on Friday. The stock has a fifty day simple moving average of $695.40 and a 200-day simple moving average of $639.48. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given a $0.8135 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%.

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.