G&S Capital LLC Sells 101 Shares of Invesco QQQ (NASDAQ:QQQ)

G&S Capital LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,056 shares of the exchange traded fund’s stock after selling 101 shares during the quarter. Invesco QQQ accounts for 2.7% of G&S Capital LLC’s investment portfolio, making the stock its 5th biggest holding. G&S Capital LLC’s holdings in Invesco QQQ were worth $6,372,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ in the second quarter valued at $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ during the first quarter valued at $40,000. CGC Financial Services LLC increased its position in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.0 %

Invesco QQQ stock opened at $490.91 on Thursday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The firm’s 50-day moving average is $475.94 and its two-hundred day moving average is $464.29.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.55%.

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.