Invesco QQQ $QQQ Stake Cut by Wealthcare Capital Partners LLC

Wealthcare Capital Partners LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,017 shares of the exchange traded fund’s stock after selling 71 shares during the quarter. Wealthcare Capital Partners LLC’s holdings in Invesco QQQ were worth $561,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Wealth Group Ltd. raised its holdings in shares of Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after acquiring an additional 4,835 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Invesco QQQ by 299.6% during the first quarter. Sivia Capital Partners LLC now owns 2,202 shares of the exchange traded fund’s stock worth $1,033,000 after acquiring an additional 1,651 shares in the last quarter. Finally, LexAurum Advisors LLC boosted its position in Invesco QQQ by 0.3% during the first quarter. LexAurum Advisors LLC now owns 11,188 shares of the exchange traded fund’s stock valued at $5,246,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4%

Shares of QQQ stock opened at $603.18 on Monday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $607.33. The stock’s 50-day moving average is $579.85 and its two-hundred day moving average is $532.54.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%.

Invesco QQQ 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.