G&S Capital LLC Sells 101 Shares of Invesco QQQ (NASDAQ:QQQ)

G&S Capital LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the third quarter, HoldingsChannel reports. The fund owned 13,056 shares of the exchange traded fund’s stock after selling 101 shares during the quarter. Invesco QQQ makes up about 2.7% of G&S Capital LLC’s portfolio, making the stock its 5th largest position. G&S Capital LLC’s holdings in Invesco QQQ were worth $6,372,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Alliance Wealth Advisors LLC boosted its holdings in Invesco QQQ by 11.8% in the third quarter. Alliance Wealth Advisors LLC now owns 19,626 shares of the exchange traded fund’s stock valued at $9,579,000 after acquiring an additional 2,073 shares during the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter worth about $294,000. Curran Financial Partners LLC lifted its stake in shares of Invesco QQQ by 26.6% in the 3rd quarter. Curran Financial Partners LLC now owns 1,447 shares of the exchange traded fund’s stock valued at $706,000 after purchasing an additional 304 shares in the last quarter. Fulton Breakefield Broenniman LLC grew its holdings in shares of Invesco QQQ by 2.1% during the 3rd quarter. Fulton Breakefield Broenniman LLC now owns 8,170 shares of the exchange traded fund’s stock worth $3,987,000 after purchasing an additional 166 shares during the period. Finally, Physician Wealth Advisors Inc. increased its position in Invesco QQQ by 1.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 4,645 shares of the exchange traded fund’s stock worth $2,280,000 after purchasing an additional 83 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $490.91 on Thursday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The company’s 50 day moving average price is $475.94 and its 200 day moving average price is $464.29.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders 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 dividend yield of 0.55%. The ex-dividend date of this dividend 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.