Invesco QQQ (NASDAQ:QQQ) Shares Sold by G&S Capital LLC

G&S Capital LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,390 shares of the exchange traded fund’s stock after selling 705 shares during the period. Invesco QQQ accounts for about 2.8% of G&S Capital LLC’s holdings, making the stock its 4th biggest position. G&S Capital LLC’s holdings in Invesco QQQ were worth $6,389,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Summit X LLC lifted its position in Invesco QQQ by 0.4% in the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after purchasing an additional 24 shares during the last quarter. IMA Wealth Inc. boosted its position in shares of Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after buying an additional 25 shares during the period. S.A. Mason LLC boosted its position in shares of Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after buying an additional 25 shares during the period. Lauterbach Financial Advisors LLC grew its holdings in Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after buying an additional 25 shares in the last quarter. Finally, Cedrus LLC raised its stake in Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 25 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.2 %

Shares of Invesco QQQ stock opened at $480.37 on Thursday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $486.86. The business’s fifty day moving average price is $451.31 and its two-hundred day moving average price is $435.05.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be issued a $0.7615 dividend. The ex-dividend date is Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.63%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.