Chancellor Financial Group WB LP Reduces Stock Position in Invesco QQQ $QQQ

Chancellor Financial Group WB LP trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 824 shares of the exchange traded fund’s stock after selling 100 shares during the period. Chancellor Financial Group WB LP’s holdings in Invesco QQQ were worth $455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its stake in Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $2,775,904,000. Altimeter Capital Management LP acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $463,293,000. Finally, Alaska Permanent Fund Corp grew its position in shares of Invesco QQQ by 14,750.7% in the 1st quarter. Alaska Permanent Fund Corp now owns 799,266 shares of the exchange traded fund’s stock valued at $380,027,000 after buying an additional 793,884 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ:QQQ opened at $609.74 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The company’s fifty day moving average price is $601.34 and its 200 day moving average price is $559.22.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were issued a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ 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.