Sharkey Howes & Javer Cuts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Sharkey Howes & Javer lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 4.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,696 shares of the exchange traded fund’s stock after selling 86 shares during the quarter. Sharkey Howes & Javer’s holdings in Invesco QQQ were worth $695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after buying an additional 29 shares in the last quarter. Goodwin Daniel L grew its holdings in shares of Invesco QQQ by 76.1% during the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after buying an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after buying an additional 243,305 shares in the last quarter. VitalStone Financial LLC grew its holdings in shares of Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after purchasing an additional 16,079 shares during the period. Finally, Scarborough Advisors LLC grew its holdings in shares of Invesco QQQ by 73.3% in the third quarter. Scarborough Advisors LLC now owns 1,374 shares of the exchange traded fund’s stock valued at $492,000 after purchasing an additional 581 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

Shares of QQQ traded down $0.82 during mid-day trading on Friday, reaching $444.01. The stock had a trading volume of 36,839,641 shares, compared to its average volume of 45,533,704. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34. The business’s fifty day moving average is $434.46 and its 200 day moving average is $399.97.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Monday, March 18th.

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.