BlueChip Wealth Advisors LLC Sells 1,920 Shares of Invesco QQQ $QQQ

BlueChip Wealth Advisors LLC lowered its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 16.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,061 shares of the exchange traded fund’s stock after selling 1,920 shares during the period. Invesco QQQ accounts for 2.6% of BlueChip Wealth Advisors LLC’s portfolio, making the stock its 11th largest position. BlueChip Wealth Advisors LLC’s holdings in Invesco QQQ were worth $6,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. 1832 Asset Management L.P. raised its position in shares of Invesco QQQ by 100.0% during the second quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after acquiring an additional 40,999,982 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new stake in Invesco QQQ in the second quarter worth about $1,236,482,000. HRT Financial LP raised its holdings in Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after purchasing an additional 1,457,109 shares during the last quarter. Finally, Kensington Asset Management LLC lifted its position in Invesco QQQ by 2,124.5% during the 2nd quarter. Kensington Asset Management LLC now owns 366,881 shares of the exchange traded fund’s stock valued at $202,386,000 after purchasing an additional 350,388 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.5%

Shares of NASDAQ QQQ opened at $611.47 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The firm’s 50-day moving average is $619.43 and its 200-day moving average is $603.23.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%.

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About Invesco QQQ

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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