Wealthcare Advisory Partners LLC Raises Stock Holdings in Invesco QQQ $QQQ

Wealthcare Advisory Partners LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,862 shares of the exchange traded fund's stock after buying an additional 16,358 shares during the period. Invesco QQQ comprises about 1.3% of Wealthcare Advisory Partners LLC's investment portfolio, making the stock its 12th biggest holding. Wealthcare Advisory Partners LLC's holdings in Invesco QQQ were worth $58,398,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the 2nd quarter worth approximately $41,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter valued at $51,000. Blume Capital Management Inc. increased its position in Invesco QQQ by 105.0% during the 1st 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 during the period. Finally, Atlantic Private Wealth LLC raised its holdings in Invesco QQQ by 3,000.0% in 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 in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.4%

Shares of QQQ opened at $603.18 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $607.33. The firm's 50-day moving average price is $579.85 and its 200-day moving average price is $532.54.

Invesco QQQ Increases Dividend

The company also recently announced 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 represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.

Invesco QQQ Company 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.

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