599 Shares in Invesco QQQ $QQQ Bought by LifeWealth Investments LLC

LifeWealth Investments LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 599 shares of the exchange traded fund’s stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ in the second quarter worth $30,000. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ in the second quarter worth $41,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the first quarter worth $51,000. Finally, Blume Capital Management Inc. increased its stake in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.8%

QQQ stock opened at $610.58 on Friday. The business’s fifty day simple moving average is $589.82 and its two-hundred day simple moving average is $544.88. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18.

Invesco QQQ Increases Dividend

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

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.