GFG Capital LLC Decreases Stock Position in Invesco QQQ (NASDAQ:QQQ)

GFG Capital LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,622 shares of the exchange traded fund’s stock after selling 127 shares during the quarter. Invesco QQQ comprises about 1.3% of GFG Capital LLC’s holdings, making the stock its 22nd largest position. GFG Capital LLC’s holdings in Invesco QQQ were worth $4,919,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vicus Capital raised its position in Invesco QQQ by 0.7% during the 4th quarter. Vicus Capital now owns 35,723 shares of the exchange traded fund’s stock valued at $18,263,000 after purchasing an additional 242 shares during the last quarter. CFC Planning Co LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $2,429,000. Squire Investment Management Company LLC bought a new position in Invesco QQQ in the 4th quarter valued at approximately $209,000. First Merchants Corp lifted its position in Invesco QQQ by 105.6% in the 4th quarter. First Merchants Corp now owns 1,842 shares of the exchange traded fund’s stock valued at $942,000 after acquiring an additional 946 shares in the last quarter. Finally, Littlejohn Financial Services Inc. bought a new position in Invesco QQQ in the 4th quarter valued at approximately $5,268,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $535.90 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The business’s fifty day moving average price is $521.86 and its 200-day moving average price is $497.08.

Invesco QQQ Announces Dividend

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