Midwest Financial Partners Investments Inc. Makes New $559,000 Investment in Invesco QQQ $QQQ

by · The Cerbat Gem

Midwest Financial Partners Investments Inc. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 910 shares of the exchange traded fund’s stock, valued at approximately $559,000.

A number of other large investors have also modified their holdings of the stock. Well Done LLC grew its stake in shares of Invesco QQQ by 0.5% in the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after buying an additional 16 shares in the last quarter. Investment Management Corp VA ADV grew its stake in shares of Invesco QQQ by 1.6% in the third quarter. Investment Management Corp VA ADV now owns 1,110 shares of the exchange traded fund’s stock valued at $667,000 after buying an additional 17 shares in the last quarter. Tenon Financial LLC grew its stake in shares of Invesco QQQ by 2.2% in the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock valued at $494,000 after buying an additional 17 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Invesco QQQ by 1.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock valued at $625,000 after buying an additional 17 shares in the last quarter. Finally, Cascade Investment Group Inc. grew its stake in shares of Invesco QQQ by 4.6% in the fourth quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock valued at $238,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2%

QQQ stock opened at $714.51 on Friday. Invesco QQQ has a 1 year low of $505.58 and a 1 year high of $722.03. The stock has a 50-day simple moving average of $636.60 and a 200-day simple moving average of $622.40.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.4%.

Key Invesco QQQ News

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

Invesco QQQ Company Profile

(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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