GGM Financials LLC Sells 1,609 Shares of Invesco QQQ $QQQ

GGM Financials LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 24.2% in the second quarter, Holdings Channel reports. The fund owned 5,041 shares of the exchange traded fund’s stock after selling 1,609 shares during the quarter. GGM Financials LLC’s holdings in Invesco QQQ were worth $2,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the 2nd quarter valued at approximately $41,000. Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Moser Wealth Advisors LLC grew its position in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the period. Finally, Atlantic Private Wealth LLC grew its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $628.09 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $628.55. The firm has a 50 day moving average price of $591.63 and a 200-day moving average price of $548.87.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.