Gries Financial LLC Sells 21 Shares of Invesco QQQ (NASDAQ:QQQ)

Gries Financial LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,457 shares of the exchange traded fund’s stock after selling 21 shares during the period. Invesco QQQ comprises 1.2% of Gries Financial LLC’s investment portfolio, making the stock its 15th largest holding. Gries Financial LLC’s holdings in Invesco QQQ were worth $6,880,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in shares of Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Empirical Asset Management LLC boosted its holdings in shares of Invesco QQQ by 15,676.3% during the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after buying an additional 201,597 shares in the last quarter. Main Management ETF Advisors LLC boosted its holdings in shares of Invesco QQQ by 33.5% during the 3rd quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund’s stock worth $357,228,000 after buying an additional 183,550 shares in the last quarter. Finally, Meridian Wealth Management LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $77,091,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $520.83 on Thursday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The stock’s 50 day moving average price is $518.51 and its two-hundred day moving average price is $493.56.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ 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.