Invesco QQQ (NASDAQ:QQQ) Shares Sold by GGM Financials LLC

GGM Financials LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,057 shares of the exchange traded fund’s stock after selling 116 shares during the period. Invesco QQQ comprises about 3.0% of GGM Financials LLC’s investment portfolio, making the stock its 8th biggest position. GGM Financials LLC’s holdings in Invesco QQQ were worth $3,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ in the second quarter valued at about $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ in the first quarter valued at about $40,000. CGC Financial Services LLC grew its stake in Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $505.58 on Thursday. Invesco QQQ has a one year low of $369.05 and a one year high of $506.41. The business’s 50 day simple moving average is $483.00 and its 200-day simple moving average is $470.34.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, September 23rd.

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.