Invesco QQQ $QQQ Stock Holdings Trimmed by Sanders Morris Harris LLC

Sanders Morris Harris LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 76.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 59,900 shares of the exchange traded fund’s stock after selling 194,738 shares during the quarter. Invesco QQQ makes up approximately 57.9% of Sanders Morris Harris LLC’s holdings, making the stock its largest holding. 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 (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Fifth Third Securities Inc. increased its holdings 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 acquired a new stake in shares of Invesco QQQ during the third quarter worth about $803,000. Great Point Wealth Advisors LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth about $507,000. Strengthening Families & Communities LLC purchased a new stake in Invesco QQQ in the third quarter valued at approximately $10,771,000. Finally, Coyle Financial Counsel LLC boosted its position in Invesco QQQ by 4.9% in the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after buying an additional 2,035 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Trading Down 1.8%

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

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be issued a $0.7328 dividend. This represents a $2.93 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, March 23rd.

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

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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