Cobblestone Capital Advisors LLC NY Has $701,000 Position in Invesco QQQ $QQQ

Cobblestone Capital Advisors LLC NY reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,271 shares of the exchange traded fund’s stock after selling 26 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Invesco QQQ were worth $701,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ in the 2nd quarter valued at $30,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at $41,000. Blume Capital Management Inc. boosted its stake in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Moser Wealth Advisors LLC boosted its position in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC boosted its stake in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $628.09 on Tuesday. The business’s fifty day moving average is $591.63 and its two-hundred day moving average is $548.87. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $628.55.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given 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 dividend yield of 0.4%.

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.