Smith Chas P & Associates PA Cpas Sells 33,304 Shares of Invesco QQQ $QQQ

Smith Chas P & Associates PA Cpas lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 39.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,360 shares of the exchange traded fund’s stock after selling 33,304 shares during the period. Invesco QQQ accounts for about 2.6% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 11th largest position. Smith Chas P & Associates PA Cpas’ holdings in Invesco QQQ were worth $30,234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of QQQ. JPMorgan Chase & Co. boosted its position in shares of 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Invesco QQQ by 0.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock valued at $1,778,116,000 after buying an additional 22,220 shares in the last quarter. HRT Financial LP raised its stake 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 buying an additional 1,704,600 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Invesco QQQ by 0.3% in the third quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock worth $1,843,749,000 after acquiring an additional 8,038 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Invesco QQQ by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock valued at $1,792,901,000 after acquiring an additional 64,025 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $601.58 on Wednesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The business has a 50 day moving average price of $615.63 and a 200-day moving average price of $607.03.

Invesco QQQ Increases Dividend

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

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.