Cyndeo Wealth Partners LLC Acquires 1,322 Shares of Invesco QQQ (NASDAQ:QQQ)

Cyndeo Wealth Partners LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 84.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,881 shares of the exchange traded fund’s stock after buying an additional 1,322 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Invesco QQQ were worth $1,406,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Werba Rubin Papier Wealth Management boosted its stake in Invesco QQQ by 59.1% during the third quarter. Werba Rubin Papier Wealth Management now owns 2,179 shares of the exchange traded fund’s stock valued at $1,064,000 after buying an additional 809 shares during the period. Cedrus LLC boosted its stake in Invesco QQQ by 180.9% during the third quarter. Cedrus LLC now owns 4,328 shares of the exchange traded fund’s stock valued at $2,113,000 after buying an additional 2,787 shares during the period. Proathlete Wealth Management LLC lifted its stake in Invesco QQQ by 5.6% during the third quarter. Proathlete Wealth Management LLC now owns 24,317 shares of the exchange traded fund’s stock worth $11,871,000 after purchasing an additional 1,284 shares during the last quarter. Veracity Capital LLC lifted its stake in Invesco QQQ by 3.5% during the third quarter. Veracity Capital LLC now owns 1,343 shares of the exchange traded fund’s stock worth $655,000 after purchasing an additional 46 shares during the last quarter. Finally, Spectrum Financial Alliance Ltd LLC lifted its stake in Invesco QQQ by 26.8% during the third quarter. Spectrum Financial Alliance Ltd LLC now owns 568 shares of the exchange traded fund’s stock worth $277,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of QQQ stock opened at $494.47 on Monday. The business has a 50-day moving average price of $477.68 and a two-hundred day moving average price of $465.15. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is 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.