Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Sanders Morris Harris LLC

Sanders Morris Harris LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,209 shares of the exchange traded fund’s stock after acquiring an additional 319 shares during the quarter. Invesco QQQ accounts for approximately 18.2% of Sanders Morris Harris LLC’s investment portfolio, making the stock its largest position. Sanders Morris Harris LLC’s holdings in Invesco QQQ were worth $109,918,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mountain Pacific Investment Advisers LLC raised its position in Invesco QQQ by 6.6% in the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 871 shares of the exchange traded fund’s stock valued at $425,000 after buying an additional 54 shares during the last quarter. High Note Wealth LLC grew its stake in shares of Invesco QQQ by 7.9% during the 3rd quarter. High Note Wealth LLC now owns 15,006 shares of the exchange traded fund’s stock worth $7,324,000 after acquiring an additional 1,104 shares during the period. Patten Group Inc. boosted its stake in Invesco QQQ by 3.3% in the 3rd quarter. Patten Group Inc. now owns 1,539 shares of the exchange traded fund’s stock worth $751,000 after purchasing an additional 49 shares during the period. Sanibel Captiva Trust Company Inc. boosted its stake in Invesco QQQ by 11.2% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 5,483 shares of the exchange traded fund’s stock worth $2,676,000 after purchasing an additional 553 shares during the period. Finally, Wedmont Private Capital boosted its stake in Invesco QQQ by 0.7% in the 3rd quarter. Wedmont Private Capital now owns 18,848 shares of the exchange traded fund’s stock worth $9,087,000 after purchasing an additional 140 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.8 %

NASDAQ:QQQ opened at $493.15 on Thursday. The business’s 50-day moving average price is $471.00 and its two-hundred day moving average price is $462.58. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be given a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

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.