3Chopt Investment Partners LLC Acquires Shares of 471 Invesco QQQ (NASDAQ:QQQ)

3Chopt Investment Partners LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 471 shares of the exchange traded fund’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atwater Malick LLC acquired a new position in Invesco QQQ during the first quarter worth $293,000. Westwood Holdings Group Inc. lifted its stake in Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after buying an additional 1,993 shares in the last quarter. GenWealth Group Inc. boosted its holdings in Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after buying an additional 2,325 shares during the last quarter. Socha Financial Group LLC increased its stake in Invesco QQQ by 1.3% during the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after buying an additional 1,153 shares in the last quarter. Finally, SVB Wealth LLC raised its holdings in shares of Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after acquiring an additional 2,453 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.4 %

Shares of NASDAQ:QQQ opened at $481.27 on Wednesday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business’s 50 day moving average price is $468.23 and its 200-day moving average price is $460.89.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, September 23rd.

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.