Invesco QQQ (NASDAQ:QQQ) is WealthCare Investment Partners LLC’s Largest Position

WealthCare Investment Partners LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 5.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 41,839 shares of the exchange traded fund’s stock after buying an additional 2,284 shares during the quarter. Invesco QQQ makes up 9.3% of WealthCare Investment Partners LLC’s holdings, making the stock its largest holding. WealthCare Investment Partners LLC’s holdings in Invesco QQQ were worth $15,492,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC raised its position in Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after buying an additional 43,463,232 shares during the last quarter. Morgan Stanley raised its position in Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after buying an additional 1,533,114 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Invesco QQQ by 3.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,761,075 shares of the exchange traded fund’s stock worth $1,527,972,000 after buying an additional 167,217 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Invesco QQQ by 1.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,012,198 shares of the exchange traded fund’s stock worth $802,145,000 after buying an additional 32,891 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Invesco QQQ by 2.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,002,908 shares of the exchange traded fund’s stock worth $642,793,000 after buying an additional 45,781 shares during the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Invesco QQQ Trading Down 0.3 %

Shares of Invesco QQQ stock traded down $1.13 during trading hours on Tuesday, reaching $369.53. 23,969,391 shares of the stock traded hands, compared to its average volume of 53,451,121. The company has a 50 day moving average price of $373.20 and a 200 day moving average price of $348.47. Invesco QQQ has a one year low of $254.26 and a one year high of $387.98.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 19th will be paid a dividend of $0.5389 per share. The ex-dividend date is Monday, September 18th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.58%.

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.