Riverchase Wealth Management LLC Invests $204,000 in Invesco QQQ $QQQ

Riverchase Wealth Management LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 369 shares of the exchange traded fund’s stock, valued at approximately $204,000.

Several other large investors also recently bought and sold shares of QQQ. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ during the second quarter worth approximately $41,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 105.0% in the first 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 last quarter. Finally, Atlantic Private Wealth LLC lifted its stake in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $589.55 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18. The firm’s 50-day moving average price is $583.89 and its 200 day moving average price is $535.94.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company 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.