Cooper Haims Advisors LLC Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

Cooper Haims Advisors LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 16.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 919 shares of the exchange traded fund’s stock after selling 186 shares during the quarter. Cooper Haims Advisors LLC’s holdings in Invesco QQQ were worth $431,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Mullooly Asset Management Inc. purchased a new stake in Invesco QQQ during the 1st quarter worth about $2,775,904,000. Ameriprise Financial Inc. lifted its holdings in Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock worth $2,300,993,000 after purchasing an additional 756,990 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after purchasing an additional 54,944 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Invesco QQQ by 34.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock worth $1,124,614,000 after purchasing an additional 568,120 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $553.88 on Monday. The stock’s 50-day simple moving average is $544.01 and its 200 day simple moving average is $510.67. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $574.63.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

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.