Cornell Pochily Investment Advisors Inc. Purchases 137 Shares of Invesco QQQ (NASDAQ:QQQ)

Cornell Pochily Investment Advisors Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,819 shares of the exchange traded fund’s stock after purchasing an additional 137 shares during the period. Invesco QQQ comprises 1.7% of Cornell Pochily Investment Advisors Inc.’s holdings, making the stock its 12th biggest holding. Cornell Pochily Investment Advisors Inc.’s holdings in Invesco QQQ were worth $4,792,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Deane Retirement Strategies Inc. bought a new stake in Invesco QQQ during the 1st quarter valued at about $29,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ in the 2nd quarter valued at about $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ in the 1st quarter valued at about $40,000. Finally, CGC Financial Services LLC grew its stake in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 81 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.8 %

Invesco QQQ stock opened at $497.50 on Tuesday. The company has a 50 day moving average price of $473.79 and a 200-day moving average price of $463.77. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a 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.