WealthBridge Capital Management LLC Buys 2,010 Shares of Invesco QQQ $QQQ

WealthBridge Capital Management LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 8.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,138 shares of the exchange traded fund’s stock after purchasing an additional 2,010 shares during the quarter. Invesco QQQ makes up approximately 3.7% of WealthBridge Capital Management LLC’s holdings, making the stock its 6th largest holding. WealthBridge Capital Management LLC’s holdings in Invesco QQQ were worth $14,419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New World Advisors LLC purchased a new stake in shares of Invesco QQQ during the second quarter worth about $280,000. Cozad Asset Management Inc. boosted its position in Invesco QQQ by 9.3% during the second quarter. Cozad Asset Management Inc. now owns 14,367 shares of the exchange traded fund’s stock worth $7,925,000 after acquiring an additional 1,225 shares during the last quarter. Tableaux LLC purchased a new stake in Invesco QQQ in the 2nd quarter worth approximately $1,428,000. Del Sette Capital Management LLC acquired a new position in Invesco QQQ in the 2nd quarter valued at $442,000. Finally, Cooper Haims Advisors LLC lifted its stake in shares of Invesco QQQ by 2.7% during the 2nd quarter. Cooper Haims Advisors LLC now owns 944 shares of the exchange traded fund’s stock worth $521,000 after purchasing an additional 25 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $590.07 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The stock’s fifty day simple moving average is $607.15 and its 200-day simple moving average is $568.52.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a $0.694 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd. This represents a $2.78 annualized dividend and a 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.