Wealth Management Resources Inc. Acquires New Shares in Invesco QQQ $QQQ

Wealth Management Resources Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 372 shares of the exchange traded fund’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the 2nd quarter valued at $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the 1st quarter valued at $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the 1st quarter valued at $51,000. Blume Capital Management Inc. lifted its holdings 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 during the period. Finally, 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 valued at $58,000 after buying an additional 120 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $589.55 on Friday. The business’s fifty day moving average price is $583.89 and its 200-day moving average price is $536.30. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.