Carnegie Investment Counsel Decreases Position in Invesco QQQ (NASDAQ:QQQ)

Carnegie Investment Counsel reduced its position in Invesco QQQ (NASDAQ:QQQ) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,936 shares of the exchange traded fund’s stock after selling 115 shares during the period. Carnegie Investment Counsel’s holdings in Invesco QQQ were worth $11,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Tallon Kerry Patrick bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $4,904,000. Sanders Morris Harris LLC increased its holdings in shares of Invesco QQQ by 2.9% in the 4th quarter. Sanders Morris Harris LLC now owns 231,728 shares of the exchange traded fund’s stock worth $120,940,000 after acquiring an additional 6,519 shares during the period. BFI Infinity Ltd. bought a new position in Invesco QQQ in the 4th quarter worth approximately $222,000. MPS Loria Financial Planners LLC grew its stake in shares of Invesco QQQ by 2.1% in the fourth quarter. MPS Loria Financial Planners LLC now owns 2,713 shares of the exchange traded fund’s stock worth $1,387,000 after purchasing an additional 57 shares in the last quarter. Finally, Heritage Family Offices LLP increased its stake in Invesco QQQ by 16.9% during the 4th quarter. Heritage Family Offices LLP now owns 691 shares of the exchange traded fund’s stock valued at $353,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.7 %

Shares of QQQ stock opened at $513.08 on Friday. Invesco QQQ has a 1 year low of $402.92 and a 1 year high of $539.15. The business’s fifty day moving average is $515.79 and its 200-day moving average is $491.65.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.