Grange Capital LLC Has $1.54 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Grange Capital LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 14.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,290 shares of the exchange traded fund’s stock after selling 566 shares during the period. Invesco QQQ comprises 1.8% of Grange Capital LLC’s portfolio, making the stock its 18th largest holding. Grange Capital LLC’s holdings in Invesco QQQ were worth $1,543,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wilkins Miller Wealth Management LLC acquired a new stake in Invesco QQQ during the fourth quarter worth $1,018,000. Grant Private Wealth Management Inc acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at $815,000. Gemsstock Ltd. boosted its stake in shares of Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock valued at $150,046,000 after purchasing an additional 213,400 shares in the last quarter. Tandem Investment Partners LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at $4,623,000. Finally, Wescott Financial Advisory Group LLC boosted its stake in shares of Invesco QQQ by 1.8% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund’s stock valued at $75,071,000 after purchasing an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $556.21 on Tuesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $560.20. The business has a 50-day moving average price of $528.46 and a two-hundred day moving average price of $505.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

About Invesco QQQ

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.