GSG Advisors LLC Cuts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

GSG Advisors LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,156 shares of the exchange traded fund’s stock after selling 118 shares during the period. Invesco QQQ comprises about 1.2% of GSG Advisors LLC’s holdings, making the stock its 17th largest holding. GSG Advisors LLC’s holdings in Invesco QQQ were worth $3,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chevy Chase Trust Holdings LLC lifted its holdings in Invesco QQQ by 11.4% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 4,964 shares of the exchange traded fund’s stock worth $2,033,000 after buying an additional 507 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares during the last quarter. Cerity Partners LLC boosted its holdings in Invesco QQQ by 77.2% in the fourth quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock valued at $345,182,000 after purchasing an additional 367,317 shares in the last quarter. G&S Capital LLC increased its stake in Invesco QQQ by 28.1% in the fourth quarter. G&S Capital LLC now owns 15,095 shares of the exchange traded fund’s stock valued at $6,182,000 after purchasing an additional 3,313 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its holdings in Invesco QQQ by 9.1% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 5,297 shares of the exchange traded fund’s stock worth $2,170,000 after purchasing an additional 442 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.5 %

Shares of NASDAQ:QQQ traded up $2.34 during trading on Friday, hitting $450.41. 33,573,976 shares of the company were exchanged, compared to its average volume of 46,461,876. The firm’s 50 day moving average price is $473.79 and its 200-day moving average price is $450.49. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 annualized dividend and a yield of 0.68%. The ex-dividend date was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.