JPMorgan Chase & Co. Raises Stock Holdings in Invesco QQQ $QQQ
JPMorgan Chase & Co. increased its stake in Invesco QQQ by 42.4% in Q2, owning 4,895,265 shares worth $2.7 billion. Other institutional investors also adjusted their holdings. Invesco QQQ's stock price opened at $590.07, with a 1-year range of $402.39 to $637.01. The ETF announced a quarterly dividend of $0.694 per share, up from $0.59.
JPMorgan Chase & Co. boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 42.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,895,265 shares of the exchange traded fund's stock after purchasing an additional 1,457,109 shares during the quarter. JPMorgan Chase & Co. owned about 0.77% of Invesco QQQ worth $2,700,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Other hedge funds have also bought and sold shares of the company. Compass Financial Services Inc grew its position in Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after acquiring an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. boosted its holdings in shares of Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock worth $271,000 after purchasing an additional 20 shares in the last quarter. Barrett & Company Inc. increased its position in shares of Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock valued at $85,000 after purchasing an additional 20 shares during the last quarter. waypoint wealth counsel raised its holdings in shares of Invesco QQQ by 0.6% during the 2nd quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund's stock valued at $1,964,000 after buying an additional 20 shares in the last quarter. Finally, Investment Advisory Group LLC lifted its position in Invesco QQQ by 0.4% in the 2nd quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund's stock worth $3,158,000 after buying an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Up 0.8%
Shares of QQQ opened at $590.07 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The stock has a 50 day simple moving average of $607.15 and a two-hundred day simple moving average of $568.52.
Invesco QQQ Increases Dividend
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The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a dividend of $0.694 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.
About Invesco QQQ
(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.
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