Adell Harriman & Carpenter Inc. Sells 184 Shares of Invesco QQQ (NASDAQ:QQQ)

Adell Harriman & Carpenter Inc. lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 20.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 724 shares of the exchange traded fund’s stock after selling 184 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Invesco QQQ were worth $354,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Westwood Holdings Group Inc. boosted its holdings in Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares during the last quarter. Socha Financial Group LLC grew its holdings in shares of Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after buying an additional 1,153 shares during the period. SVB Wealth LLC increased its position in shares of Invesco QQQ by 15.2% in the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after buying an additional 2,453 shares in the last quarter. WFA Asset Management Corp raised its stake in Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after buying an additional 1,894 shares during the period. Finally, Daymark Wealth Partners LLC grew its stake in Invesco QQQ by 30.4% in the second quarter. Daymark Wealth Partners LLC now owns 17,239 shares of the exchange traded fund’s stock valued at $8,259,000 after acquiring an additional 4,015 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.0 %

NASDAQ QQQ opened at $500.16 on Wednesday. The stock’s 50-day moving average is $481.19 and its 200-day moving average is $467.84. Invesco QQQ has a one year low of $346.45 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be issued a dividend of $0.677 per share. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%.

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.