Cornell Pochily Investment Advisors Inc. Lowers Stake in Invesco QQQ (NASDAQ:QQQ)

Cornell Pochily Investment Advisors Inc. reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,451 shares of the exchange traded fund’s stock after selling 60 shares during the period. Invesco QQQ comprises approximately 1.6% of Cornell Pochily Investment Advisors Inc.’s portfolio, making the stock its 12th biggest holding. Cornell Pochily Investment Advisors Inc.’s holdings in Invesco QQQ were worth $3,871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. VisionPoint Advisory Group LLC purchased a new position in Invesco QQQ during the 2nd quarter valued at $36,000. Russell Investments Group Ltd. purchased a new position in Invesco QQQ during the second quarter valued at $44,000. Core Wealth Advisors Inc. lifted its position in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares in the last quarter. Blume Capital Management Inc. lifted its stake in Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares during the period. Finally, Investors Research Corp boosted its stake in shares of Invesco QQQ by 83.5% in the 2nd quarter. Investors Research Corp now owns 156 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 71 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.0 %

Invesco QQQ stock traded down $0.03 during midday trading on Thursday, hitting $444.80. The stock had a trading volume of 7,905,354 shares, compared to its average volume of 44,493,930. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34. The firm’s fifty day moving average is $433.08 and its two-hundred day moving average is $399.34.

Invesco QQQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

Invesco QQQ Company 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.