Eubel Brady & Suttman Asset Management Inc. Sells 100 Shares of Invesco QQQ $QQQ

Eubel Brady & Suttman Asset Management Inc. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 12.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 701 shares of the exchange traded fund’s stock after selling 100 shares during the period. Eubel Brady & Suttman Asset Management Inc.’s holdings in Invesco QQQ were worth $387,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC bought a new stake in shares of Invesco QQQ in the 2nd quarter valued at about $30,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the 2nd quarter valued at about $41,000. Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the last quarter. Moser Wealth Advisors LLC lifted its stake in shares of Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the last quarter. Finally, Atlantic Private Wealth LLC lifted its stake in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $632.92 on Wednesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $634.68. The stock has a 50-day moving average of $592.90 and a 200-day moving average of $550.17.

Invesco QQQ Increases Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.4%.

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.