Invesco QQQ (NASDAQ:QQQ) Shares Sold by Chapin Davis Inc.

Chapin Davis Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ) by 36.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,903 shares of the exchange traded fund’s stock after selling 1,696 shares during the period. Chapin Davis Inc.’s holdings in Invesco QQQ were worth $1,417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the 1st quarter worth $28,000. Deane Retirement Strategies Inc. bought a new stake in Invesco QQQ in the first quarter valued at approximately $29,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the second quarter valued at approximately $30,000. Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter worth $35,000. Finally, Chelsea Counsel Co. bought a new stake in shares of Invesco QQQ during the first quarter worth $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $482.10 on Tuesday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The firm has a 50-day moving average of $469.56 and a 200-day moving average of $461.81.

Invesco QQQ Cuts Dividend

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

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.