GFG Capital LLC Sells 761 Shares of Invesco QQQ (NASDAQ:QQQ)

GFG Capital LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,749 shares of the exchange traded fund’s stock after selling 761 shares during the period. Invesco QQQ accounts for approximately 1.2% of GFG Capital LLC’s investment portfolio, making the stock its 22nd biggest position. GFG Capital LLC’s holdings in Invesco QQQ were worth $4,758,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Congress Asset Management Co. MA bought a new position in shares of Invesco QQQ in the 1st quarter worth $215,000. CGN Advisors LLC lifted its position in Invesco QQQ by 47.4% in the 1st quarter. CGN Advisors LLC now owns 1,213 shares of the exchange traded fund’s stock valued at $539,000 after acquiring an additional 390 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of Invesco QQQ in the first quarter worth approximately $48,000. Exchange Bank purchased a new stake in shares of Invesco QQQ in the first quarter worth approximately $328,000. Finally, Security National Bank lifted its holdings in shares of Invesco QQQ by 86.3% in the first quarter. Security National Bank now owns 1,157 shares of the exchange traded fund’s stock valued at $514,000 after purchasing an additional 536 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.2 %

NASDAQ QQQ opened at $495.42 on Tuesday. The company has a fifty day moving average price of $478.57 and a 200-day moving average price of $465.57. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Monday, September 23rd.

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.