Invesco QQQ $QQQ Shares Sold by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd reduced its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 44.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,077 shares of the exchange traded fund’s stock after selling 5,628 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Invesco QQQ were worth $4,085,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in QQQ. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Invesco QQQ in the 4th quarter worth about $25,000. Shcp LLC acquired a new position in Invesco QQQ during the 3rd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC grew its position in Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 43 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Finally, Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $29,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 2.0%

Shares of NASDAQ QQQ opened at $661.73 on Thursday. Invesco QQQ has a 12-month low of $551.68 and a 12-month high of $748.65. The stock has a 50 day simple moving average of $716.84 and a 200-day simple moving average of $657.29.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a dividend of $0.8135 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(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.

Further Reading

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

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