Guyasuta Investment Advisors Inc. Has $1.96 Million Position in Invesco QQQ $QQQ

Guyasuta Investment Advisors Inc. trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,557 shares of the exchange traded fund’s stock after selling 30 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Invesco QQQ were worth $1,962,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. Brighton Jones LLC raised its stake in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of Invesco QQQ by 1.0% in the first quarter. Rothschild Investment LLC now owns 5,768 shares of the exchange traded fund’s stock valued at $2,705,000 after buying an additional 59 shares during the period. Ables Iannone Moore & Associates Inc. grew its position in Invesco QQQ by 14.2% during the first quarter. Ables Iannone Moore & Associates Inc. now owns 1,577 shares of the exchange traded fund’s stock worth $740,000 after buying an additional 196 shares in the last quarter. Finally, Cerro Pacific Wealth Advisors LLC increased its stake in Invesco QQQ by 5.7% during the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 37,624 shares of the exchange traded fund’s stock worth $19,234,000 after acquiring an additional 2,014 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4%

Shares of NASDAQ QQQ opened at $595.97 on Monday. The business has a fifty day moving average price of $576.04 and a two-hundred day moving average price of $528.24. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $602.87.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

About Invesco QQQ

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.