Sharkey Howes & Javer Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Sharkey Howes & Javer increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,749 shares of the exchange traded fund’s stock after buying an additional 53 shares during the quarter. Sharkey Howes & Javer’s holdings in Invesco QQQ were worth $853,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the 1st quarter valued at about $28,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ in the second quarter valued at approximately $30,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ during the first quarter worth approximately $40,000. CGC Financial Services LLC lifted its holdings in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its position in Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ traded down $0.08 during trading on Monday, hitting $494.39. The stock had a trading volume of 13,727,297 shares, compared to its average volume of 38,901,449. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The company’s 50-day moving average price is $477.68 and its 200 day moving average price is $465.15.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

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.