WealthCare Investment Partners LLC Has $25.08 Million Stock Holdings in Invesco QQQ $QQQ

WealthCare Investment Partners LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,097 shares of the exchange traded fund’s stock after selling 501 shares during the quarter. Invesco QQQ comprises approximately 9.0% of WealthCare Investment Partners LLC’s portfolio, making the stock its biggest position. WealthCare Investment Partners LLC’s holdings in Invesco QQQ were worth $25,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. Goldman Sachs Group Inc. increased its holdings in shares of Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new position in shares of Invesco QQQ during the first quarter valued at $2,775,904,000. GAMMA Investing LLC boosted its position in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after buying an additional 1,868,580 shares during the last quarter. Spear Holdings RSC Ltd purchased a new stake in shares of Invesco QQQ during the first quarter valued at $474,600,000. Finally, Altimeter Capital Management LP purchased a new stake in shares of Invesco QQQ during the first quarter valued at $463,293,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.9%

Invesco QQQ stock opened at $591.68 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $591.79. The business’s fifty day moving average is $569.03 and its 200 day moving average is $521.27.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

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.