Invesco QQQ $QQQ Shares Acquired by Life Line Wealth Management LLC

Key Points

• Life Line Wealth Management LLC increased its position in Invesco QQQ by 606.4%, now holding 83,648 shares valued at approximately $46.14 million, making it the firm's largest stock position.
• Several institutional investors have modified their holdings, with significant increases noted, including Atlantic Private Wealth LLC which boosted its stake by 3,000%.
• Invesco QQQ's recent quarterly dividend was set at $0.5911 per share, translating to an annualized yield of 0.4%.

Life Line Wealth Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 606.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,648 shares of the exchange traded fund's stock after purchasing an additional 71,806 shares during the quarter. Invesco QQQ comprises about 14.9% of Life Line Wealth Management LLC's investment portfolio, making the stock its biggest position. Life Line Wealth Management LLC's holdings in Invesco QQQ were worth $46,143,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Alpine Bank Wealth Management acquired a new position in Invesco QQQ in the first quarter valued at $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ in the first quarter valued at $51,000. Blume Capital Management Inc. boosted its holdings 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 acquiring an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC boosted its holdings in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after acquiring an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $67,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.0%

Shares of NASDAQ QQQ traded down $0.22 during midday trading on Tuesday, reaching $591.47. 28,618,667 shares of the company's stock were exchanged, compared to its average volume of 45,221,633. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $592.86. The business's fifty day moving average price is $569.03 and its two-hundred day moving average price is $521.27.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.