JTC Employer Solutions Trustee Ltd Sells 2,190 Shares of Invesco QQQ $QQQ

JTC Employer Solutions Trustee Ltd reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 14.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,219 shares of the exchange traded fund’s stock after selling 2,190 shares during the period. Invesco QQQ makes up about 0.7% of JTC Employer Solutions Trustee Ltd’s investment portfolio, making the stock its 19th largest position. JTC Employer Solutions Trustee Ltd’s holdings in Invesco QQQ were worth $7,292,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. GSG Advisors LLC increased its position in Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after buying an additional 585 shares during the period. Amundi increased its position in Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after buying an additional 6,600 shares during the period. Jackson Wealth Management LLC increased its position in Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock worth $9,428,000 after buying an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. increased its position in shares of Invesco QQQ by 8.4% during the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after purchasing an additional 605 shares during the period. Finally, AM Investment Strategies LLC increased its position in shares of Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 612 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $603.93 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The stock’s 50 day simple moving average is $587.30 and its 200-day simple moving average is $540.28.

Invesco QQQ Increases Dividend

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