GGM Financials LLC Decreases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

GGM Financials LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 1.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,057 shares of the exchange traded fund’s stock after selling 116 shares during the period. Invesco QQQ comprises 3.0% of GGM Financials LLC’s investment portfolio, making the stock its 8th biggest position. GGM Financials LLC’s holdings in Invesco QQQ were worth $3,444,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Baugh & Associates LLC increased its position in Invesco QQQ by 20.3% in the third quarter. Baugh & Associates LLC now owns 782 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 132 shares during the period. Advisors Management Group Inc. ADV grew its position in shares of Invesco QQQ by 3.0% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 5,815 shares of the exchange traded fund’s stock worth $2,838,000 after buying an additional 169 shares during the period. Graypoint LLC raised its stake in shares of Invesco QQQ by 6.1% during the third quarter. Graypoint LLC now owns 1,744 shares of the exchange traded fund’s stock worth $851,000 after buying an additional 101 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC acquired a new position in Invesco QQQ in the third quarter valued at approximately $831,000. Finally, Socha Financial Group LLC lifted its holdings in Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after buying an additional 2,171 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.7 %

QQQ opened at $505.58 on Thursday. The company has a fifty day moving average price of $483.00 and a two-hundred day moving average price of $470.34. Invesco QQQ has a 52 week low of $369.05 and a 52 week high of $506.41.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend 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.