WealthCare Investment Partners LLC Sells 235 Shares of Invesco QQQ (NASDAQ:QQQ)

WealthCare Investment Partners LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% in the third quarter, Holdings Channel.com reports. The firm owned 43,148 shares of the exchange traded fund’s stock after selling 235 shares during the quarter. Invesco QQQ makes up 9.1% of WealthCare Investment Partners LLC’s holdings, making the stock its largest holding. WealthCare Investment Partners LLC’s holdings in Invesco QQQ were worth $20,802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ during the 1st quarter worth $28,000. Mechanics Financial Corp bought a new stake in Invesco QQQ during the second quarter worth $30,000. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $29,000. Voisard Asset Management Group Inc. bought a new stake in Invesco QQQ in the fourth quarter worth about $35,000. Finally, Chelsea Counsel Co. purchased a new position in shares of Invesco QQQ during the 1st quarter valued at $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.5 %

NASDAQ QQQ opened at $489.30 on Wednesday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The company’s 50 day simple moving average is $469.92 and its two-hundred day simple moving average is $462.07.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

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.