WCG Wealth Advisors LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

WCG Wealth Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,141 shares of the exchange traded fund’s stock after buying an additional 867 shares during the period. WCG Wealth Advisors LLC’s holdings in Invesco QQQ were worth $9,650,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Assets Advisory LLC purchased a new position in shares of Invesco QQQ during the 1st quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC increased its stake in Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after buying an additional 2,762,571 shares during the period. Commonwealth Equity Services LLC lifted its position in Invesco QQQ by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock worth $1,219,115,000 after buying an additional 64,401 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Invesco QQQ by 10.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,241,509 shares of the exchange traded fund’s stock valued at $1,073,929,000 after buying an additional 206,608 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.4 %

Shares of QQQ opened at $471.44 on Thursday. The stock’s fifty day simple moving average is $468.49 and its 200 day simple moving average is $457.89. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Monday, June 24th.

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.