Beacon Wealthcare LLC Makes New $234,000 Investment in Invesco QQQ $QQQ

Beacon Wealthcare LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, HoldingsChannel reports. The fund purchased 425 shares of the exchange traded fund’s stock, valued at approximately $234,000. Invesco QQQ comprises approximately 0.1% of Beacon Wealthcare LLC’s portfolio, making the stock its 21st biggest holding.

Other large investors have also recently modified their holdings of the company. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ in the 1st quarter worth $51,000. Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC lifted its holdings in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth $67,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $586.66 on Monday. The business’s fifty day simple moving average is $568.24 and its 200 day simple moving average is $520.68. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $587.86.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

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.