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

WealthCare Investment Partners LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,148 shares of the exchange traded fund’s stock after selling 235 shares during the period. Invesco QQQ makes up approximately 9.1% of WealthCare Investment Partners LLC’s portfolio, making the stock its largest position. WealthCare Investment Partners LLC’s holdings in Invesco QQQ were worth $20,802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marquette Asset Management LLC grew its position in shares of Invesco QQQ by 10.0% in the third quarter. Marquette Asset Management LLC now owns 1,988 shares of the exchange traded fund’s stock valued at $970,000 after purchasing an additional 181 shares during the period. Gratus Wealth Advisors LLC lifted its stake in shares of Invesco QQQ by 1.7% during the third quarter. Gratus Wealth Advisors LLC now owns 67,242 shares of the exchange traded fund’s stock worth $32,417,000 after purchasing an additional 1,122 shares in the last quarter. Brookstone Capital Management grew its position in Invesco QQQ by 5.2% in the third quarter. Brookstone Capital Management now owns 377,922 shares of the exchange traded fund’s stock valued at $184,452,000 after acquiring an additional 18,721 shares in the last quarter. Trust Co of Kansas purchased a new stake in Invesco QQQ during the 3rd quarter worth $227,000. Finally, City Holding Co. boosted its holdings in Invesco QQQ by 13.1% in the third quarter. City Holding Co. now owns 7,306 shares of the exchange traded fund’s stock valued at $3,566,000 after purchasing an additional 847 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $489.30 on Wednesday. The firm has a fifty day moving average of $469.92 and a 200-day moving average of $462.07. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.