Legacy Capital Wealth Partners LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Legacy Capital Wealth Partners LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,261 shares of the exchange traded fund’s stock, valued at approximately $1,592,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at approximately $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. bought a new stake in Invesco QQQ during the 1st quarter worth approximately $40,000. CGC Financial Services LLC grew its holdings in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares during the last quarter. Finally, PFG Private Wealth Management LLC grew its holdings in Invesco QQQ by 572.2% during the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 103 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $514.14 on Friday. Invesco QQQ has a fifty-two week low of $369.57 and a fifty-two week high of $514.92. The company’s 50 day moving average price is $484.62 and its two-hundred day moving average price is $471.30.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Monday, September 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.