WealthCare Investment Partners LLC Has $20.79 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

WealthCare Investment Partners LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,383 shares of the exchange traded fund’s stock after purchasing an additional 154 shares during the quarter. Invesco QQQ makes up about 9.7% of WealthCare Investment Partners LLC’s holdings, making the stock its largest position. WealthCare Investment Partners LLC’s holdings in Invesco QQQ were worth $20,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ in the first quarter valued at about $28,000. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ in the first quarter worth $29,000. Legacy Bridge LLC increased its position in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter valued at $35,000. Finally, Red Tortoise LLC increased its holdings in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $0.61 during midday trading on Friday, hitting $475.03. The company’s stock had a trading volume of 38,383,623 shares, compared to its average volume of 41,031,074. The stock has a fifty day moving average price of $474.36 and a 200 day moving average price of $451.69. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a dividend of $0.7615 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Monday, June 24th.

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.