Wealthcare Capital Management LLC Makes New $589,000 Investment in Invesco QQQ $QQQ

Wealthcare Capital Management LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,067 shares of the exchange traded fund’s stock, valued at approximately $589,000.

Several other large investors also recently made changes to their positions in QQQ. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $41,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the first quarter valued at approximately $51,000. Blume Capital Management Inc. grew its stake in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC increased its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $603.18 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $607.33. The stock has a 50 day moving average of $579.85 and a 200-day moving average of $532.54.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a $0.694 dividend. 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 dividend 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.