Invesco QQQ (NASDAQ:QQQ) Position Trimmed by GGM Financials LLC

GGM Financials LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,964 shares of the exchange traded fund’s stock after selling 93 shares during the quarter. Invesco QQQ accounts for 3.8% of GGM Financials LLC’s portfolio, making the stock its 6th largest position. GGM Financials LLC’s holdings in Invesco QQQ were worth $3,560,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas bought a new position in Invesco QQQ during the third quarter valued at about $62,000. Brooklyn Investment Group acquired a new stake in shares of Invesco QQQ in the fourth quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $522.92 on Monday. The stock’s 50 day simple moving average is $521.26 and its 200 day simple moving average is $495.67. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ 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.