Wealthcare Capital Partners LLC Acquires 218 Shares of Invesco QQQ (NASDAQ:QQQ)

Wealthcare Capital Partners LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 25.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,088 shares of the exchange traded fund’s stock after purchasing an additional 218 shares during the period. Wealthcare Capital Partners LLC’s holdings in Invesco QQQ were worth $510,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of QQQ. PayPay Securities Corp lifted its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the 4th quarter valued at approximately $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ in the 4th quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in Invesco QQQ in the 4th quarter valued at approximately $51,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $529.92 on Friday. The stock has a market capitalization of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The stock’s 50 day moving average price is $483.20 and its two-hundred day moving average price is $501.87. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 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.