Capital Investment Counsel Inc Sells 42 Shares of Invesco QQQ (NASDAQ:QQQ)

Capital Investment Counsel Inc lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 625 shares of the exchange traded fund’s stock after selling 42 shares during the quarter. Capital Investment Counsel Inc’s holdings in Invesco QQQ were worth $305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. DHJJ Financial Advisors Ltd. raised its stake in Invesco QQQ by 0.6% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 58,621 shares of the exchange traded fund’s stock valued at $28,611,000 after purchasing an additional 325 shares during the period. SOL Capital Management CO grew its holdings in Invesco QQQ by 1.6% during the 3rd quarter. SOL Capital Management CO now owns 43,811 shares of the exchange traded fund’s stock valued at $21,383,000 after buying an additional 670 shares in the last quarter. Axecap Investments LLC purchased a new position in Invesco QQQ during the 3rd quarter valued at approximately $1,118,000. McAdam LLC grew its holdings in Invesco QQQ by 1.1% during the 3rd quarter. McAdam LLC now owns 4,770 shares of the exchange traded fund’s stock valued at $2,328,000 after buying an additional 52 shares in the last quarter. Finally, RAM Investment Partners LLC grew its holdings in Invesco QQQ by 6.1% during the 3rd quarter. RAM Investment Partners LLC now owns 1,147 shares of the exchange traded fund’s stock valued at $560,000 after buying an additional 66 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $488.36 on Thursday. The business has a 50 day simple moving average of $479.75 and a two-hundred day simple moving average of $466.12. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

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

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.