C2C Wealth Management LLC Grows Stock Position in Invesco QQQ $QQQ

C2C Wealth Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 4.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,552 shares of the exchange traded fund’s stock after buying an additional 70 shares during the period. C2C Wealth Management LLC’s holdings in Invesco QQQ were worth $856,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ in the second quarter worth about $41,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the first quarter worth about $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ during the 1st quarter valued at about $51,000. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC increased its holdings in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $600.37 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $602.87. The stock’s 50-day moving average is $577.51 and its 200 day moving average is $529.57.

Invesco QQQ Increases Dividend

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

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.