Invesco QQQ $QQQ Stock Position Lifted by Life Line Wealth Management LLC

Life Line Wealth Management LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 606.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,648 shares of the exchange traded fund’s stock after buying an additional 71,806 shares during the period. Invesco QQQ makes up about 14.9% of Life Line Wealth Management LLC’s portfolio, making the stock its largest position. Life Line Wealth Management LLC’s holdings in Invesco QQQ were worth $46,143,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the 1st quarter worth approximately $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the 1st quarter worth approximately $51,000. Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC boosted its stake in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new stake in Invesco QQQ in the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4%

QQQ stock opened at $586.66 on Friday. The firm has a 50 day moving average of $568.24 and a 200 day moving average of $520.54. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $587.86.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a 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.