Invesco QQQ (NASDAQ:QQQ) Shares Bought by WealthCare Investment Partners LLC

WealthCare Investment Partners LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 43,266 shares of the exchange traded fund’s stock after purchasing an additional 460 shares during the quarter. Invesco QQQ accounts for about 9.6% of WealthCare Investment Partners LLC’s holdings, making the stock its biggest holding. WealthCare Investment Partners LLC’s holdings in Invesco QQQ were worth $17,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. VisionPoint Advisory Group LLC bought a new stake in Invesco QQQ in the second quarter worth about $36,000. Core Wealth Advisors Inc. raised its position in Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Invesco QQQ in the second quarter worth about $44,000. Blume Capital Management Inc. raised its position in Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Buck Wealth Strategies LLC raised its holdings in Invesco QQQ by 71.4% during the 3rd quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 65 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock traded up $1.51 during mid-day trading on Wednesday, reaching $444.83. 40,990,552 shares of the stock traded hands, compared to its average volume of 45,122,688. Invesco QQQ has a 52-week low of $304.77 and a 52-week high of $449.34. The stock’s fifty day moving average is $433.08 and its 200-day moving average is $399.34.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

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.