Chokshi & Queen Wealth Advisors Inc Has $27.10 Million Stock Position in Invesco QQQ $QQQ

Chokshi & Queen Wealth Advisors Inc reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,786 shares of the exchange traded fund’s stock after selling 376 shares during the period. Invesco QQQ makes up approximately 16.5% of Chokshi & Queen Wealth Advisors Inc’s investment portfolio, making the stock its 2nd biggest position. Chokshi & Queen Wealth Advisors Inc’s holdings in Invesco QQQ were worth $27,097,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in QQQ. Goldman Sachs Group Inc. increased its holdings in shares of Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new stake in Invesco QQQ during the first quarter valued at $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its position in Invesco QQQ by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock valued at $1,501,063,000 after acquiring an additional 52,234 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after purchasing an additional 54,944 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.3%

Shares of NASDAQ QQQ opened at $580.51 on Wednesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32. The firm’s 50-day simple moving average is $566.46 and its 200 day simple moving average is $519.13.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

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.