Stadion Money Management LLC Has $104.81 Million Stock Position in Invesco QQQ $QQQ

Stadion Money Management LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 170,614 shares of the exchange traded fund’s stock after selling 6,237 shares during the quarter. Invesco QQQ comprises 8.5% of Stadion Money Management LLC’s holdings, making the stock its 3rd biggest position. Stadion Money Management LLC’s holdings in Invesco QQQ were worth $104,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Harvest Investment Advisors LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth $34,427,000. State of Wisconsin Investment Board boosted its stake in shares of Invesco QQQ by 85.5% during the 4th quarter. State of Wisconsin Investment Board now owns 15,815 shares of the exchange traded fund’s stock worth $9,715,000 after acquiring an additional 7,290 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Invesco QQQ by 14.7% during the 4th quarter. Captrust Financial Advisors now owns 435,995 shares of the exchange traded fund’s stock worth $267,836,000 after acquiring an additional 55,777 shares in the last quarter. &PARTNERS boosted its stake in shares of Invesco QQQ by 34.7% during the 4th quarter. &PARTNERS now owns 134,062 shares of the exchange traded fund’s stock worth $82,366,000 after acquiring an additional 34,557 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Invesco QQQ by 208.2% during the 4th quarter. National Bank of Canada FI now owns 492,469 shares of the exchange traded fund’s stock worth $302,510,000 after acquiring an additional 332,661 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

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Invesco QQQ Price Performance

QQQ opened at $729.86 on Wednesday. The business has a fifty day simple moving average of $686.99 and a 200-day simple moving average of $637.15. Invesco QQQ has a fifty-two week low of $523.65 and a fifty-two week high of $748.65.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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