Sanders Morris Harris LLC Reduces Stock Holdings in Invesco QQQ $QQQ

Sanders Morris Harris LLC cut its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 76.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,900 shares of the exchange traded fund’s stock after selling 194,738 shares during the quarter. Invesco QQQ comprises about 57.9% of Sanders Morris Harris LLC’s portfolio, making the stock its biggest position. Sanders Morris Harris LLC’s holdings in Invesco QQQ were worth $37,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Orgel Wealth Management LLC boosted its position in Invesco QQQ by 4.7% during the third quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock valued at $229,000 after purchasing an additional 17 shares in the last quarter. Enclave Advisors LLC raised its holdings in Invesco QQQ by 0.9% in the third quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock worth $1,099,000 after purchasing an additional 17 shares in the last quarter. IFS Advisors LLC raised its holdings in Invesco QQQ by 4.1% in the third quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 17 shares in the last quarter. Mezzasalma Advisors LLC lifted its position in shares of Invesco QQQ by 0.5% during the third quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock valued at $1,988,000 after buying an additional 17 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. lifted its position in shares of Invesco QQQ by 1.4% during the third quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund’s stock valued at $748,000 after buying an additional 17 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $582.06 on Monday. The company’s 50-day simple moving average is $610.46 and its 200-day simple moving average is $609.78. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be given a dividend of $0.7328 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%.

About Invesco QQQ

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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