Invesco QQQ $QQQ Stake Lessened by GFG Capital LLC

GFG Capital LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,065 shares of the exchange traded fund’s stock after selling 538 shares during the period. Invesco QQQ makes up 1.5% of GFG Capital LLC’s portfolio, making the stock its 22nd biggest position. GFG Capital LLC’s holdings in Invesco QQQ were worth $5,000,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ in the second quarter worth $41,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. increased its position in Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC increased its position in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $610.70 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $611.75. The company’s fifty day moving average price is $583.17 and its two-hundred day moving average price is $535.28.

Invesco QQQ Increases Dividend

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