Thrivent Financial for Lutherans Sells 12,033 Shares of Invesco QQQ (NASDAQ:QQQ)

Thrivent Financial for Lutherans trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 5.4% in the 4th quarter, HoldingsChannel reports. The firm owned 211,256 shares of the exchange traded fund’s stock after selling 12,033 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Invesco QQQ were worth $108,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. lifted its position in shares of Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after purchasing an additional 11,351 shares during the period. NRI Wealth Management LC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $28,729,000. Garden State Investment Advisory Services LLC lifted its position in shares of Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares during the period. Finally, Silverleafe Capital Partners LLC lifted its position in shares of Invesco QQQ by 16.8% in the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock worth $23,165,000 after purchasing an additional 6,518 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.6 %

NASDAQ:QQQ opened at $482.77 on Tuesday. The company has a 50-day moving average price of $514.05 and a 200-day moving average price of $504.16. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a market cap of $304.27 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. 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.