Chokshi & Queen Wealth Advisors Inc Has $33.05 Million Position in Invesco QQQ $QQQ

Chokshi & Queen Wealth Advisors Inc grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.7% in the second quarter, Holdings Channel reports. The firm owned 59,920 shares of the exchange traded fund’s stock after buying an additional 2,134 shares during the quarter. Invesco QQQ accounts for about 18.9% of Chokshi & Queen Wealth Advisors Inc’s portfolio, making the stock its 2nd biggest position. Chokshi & Queen Wealth Advisors Inc’s holdings in Invesco QQQ were worth $33,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Morgan Dempsey Capital Management LLC bought a new stake in shares of Invesco QQQ in the second quarter worth $30,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the second quarter worth $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the first quarter worth $51,000. Finally, Blume Capital Management Inc. grew its holdings in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.0%

Shares of QQQ opened at $611.38 on Wednesday. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18. The business has a fifty day moving average of $588.70 and a 200 day moving average of $543.16.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

About Invesco QQQ

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.