Lazari Capital Management Inc. Sells 252 Shares of Invesco QQQ $QQQ

Lazari Capital Management Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.5% during the second quarter, Holdings Channel reports. The fund owned 3,654 shares of the exchange traded fund’s stock after selling 252 shares during the period. Invesco QQQ makes up approximately 0.8% of Lazari Capital Management Inc.’s holdings, making the stock its 26th biggest holding. Lazari Capital Management Inc.’s holdings in Invesco QQQ were worth $2,016,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Smith Salley Wealth Management grew its holdings in Invesco QQQ by 38.6% during the 2nd quarter. Smith Salley Wealth Management now owns 4,533 shares of the exchange traded fund’s stock worth $2,500,000 after acquiring an additional 1,262 shares during the last quarter. City Holding Co. grew its holdings in Invesco QQQ by 13.4% during the 2nd quarter. City Holding Co. now owns 10,351 shares of the exchange traded fund’s stock worth $5,710,000 after acquiring an additional 1,226 shares during the last quarter. Symmetry Partners LLC grew its holdings in Invesco QQQ by 6.0% during the 2nd quarter. Symmetry Partners LLC now owns 1,533 shares of the exchange traded fund’s stock worth $846,000 after acquiring an additional 87 shares during the last quarter. Grandview Asset Management LLC grew its holdings in Invesco QQQ by 0.6% during the 2nd quarter. Grandview Asset Management LLC now owns 26,330 shares of the exchange traded fund’s stock worth $14,525,000 after acquiring an additional 159 shares during the last quarter. Finally, Beacon Capital Management LLC grew its holdings in Invesco QQQ by 1.7% during the 2nd quarter. Beacon Capital Management LLC now owns 128,045 shares of the exchange traded fund’s stock worth $70,635,000 after acquiring an additional 2,139 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $595.97 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $602.87. The company’s 50-day moving average price is $576.04 and its two-hundred day moving average price is $528.24.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.