Capital Investment Counsel LLC Purchases 1,271 Shares of Invesco QQQ (NASDAQ:QQQ)

Capital Investment Counsel LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,325 shares of the exchange traded fund’s stock after buying an additional 1,271 shares during the period. Invesco QQQ accounts for approximately 1.7% of Capital Investment Counsel LLC’s holdings, making the stock its 15th biggest position. Capital Investment Counsel LLC’s holdings in Invesco QQQ were worth $9,920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ during the 2nd quarter worth about $30,000. Chelsea Counsel Co. bought a new position in shares of Invesco QQQ during the 1st quarter worth about $40,000. CGC Financial Services LLC raised its position in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares during the last quarter. Finally, PFG Private Wealth Management LLC lifted its stake in shares of Invesco QQQ by 572.2% in the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 103 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $505.79 on Friday. The business’s 50-day simple moving average is $493.08 and its 200 day simple moving average is $476.93. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was 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.