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

GGM Financials LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,964 shares of the exchange traded fund’s stock after selling 93 shares during the quarter. Invesco QQQ accounts for approximately 3.8% of GGM Financials LLC’s holdings, making the stock its 6th biggest position. GGM Financials LLC’s holdings in Invesco QQQ were worth $3,560,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. lifted its holdings in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after acquiring an additional 46 shares during the period. Matrix Asset Advisors Inc. NY raised its position in Invesco QQQ by 12.8% in the third quarter. Matrix Asset Advisors Inc. NY now owns 1,250 shares of the exchange traded fund’s stock worth $610,000 after purchasing an additional 142 shares in the last quarter. Annex Advisory Services LLC lifted its stake in Invesco QQQ by 5.8% during the third quarter. Annex Advisory Services LLC now owns 3,792 shares of the exchange traded fund’s stock worth $1,851,000 after purchasing an additional 207 shares during the period. Retirement Planning Group LLC boosted its holdings in Invesco QQQ by 40.2% during the third quarter. Retirement Planning Group LLC now owns 43,416 shares of the exchange traded fund’s stock valued at $21,190,000 after purchasing an additional 12,458 shares in the last quarter. Finally, Darrow Company Inc. grew its stake in shares of Invesco QQQ by 1.1% in the 3rd quarter. Darrow Company Inc. now owns 38,431 shares of the exchange traded fund’s stock valued at $18,753,000 after purchasing an additional 407 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $522.92 on Monday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The stock has a 50 day simple moving average of $521.26 and a 200-day simple moving average of $495.67.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date 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.