Carnegie Investment Counsel Sells 1,053 Shares of Invesco QQQ $QQQ

Carnegie Investment Counsel cut its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,774 shares of the exchange traded fund’s stock after selling 1,053 shares during the quarter. Carnegie Investment Counsel’s holdings in Invesco QQQ were worth $12,148,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sovran Advisors LLC raised its position in shares of Invesco QQQ by 8.0% in the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after purchasing an additional 1,340 shares during the period. Fifth Third Securities Inc. raised its position in shares of Invesco QQQ by 2.6% in the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after purchasing an additional 2,822 shares during the period. SK Wealth Management LLC bought a new position in shares of Invesco QQQ in the third quarter valued at about $803,000. Corepath Wealth Partners LLC raised its position in shares of Invesco QQQ by 19.7% in the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares during the period. Finally, Great Point Wealth Advisors LLC bought a new position in shares of Invesco QQQ in the third quarter valued at about $507,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $611.07 on Friday. The company’s 50-day moving average is $599.35 and its 200-day moving average is $609.43. Invesco QQQ has a fifty-two week low of $427.93 and a fifty-two week high of $637.01.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.5%.

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Invesco QQQ Profile

(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.

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

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