GSG Advisors LLC Has $3.45 Million Position in Invesco QQQ (NASDAQ:QQQ)

GSG Advisors LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,156 shares of the exchange traded fund’s stock after selling 118 shares during the quarter. Invesco QQQ comprises about 1.2% of GSG Advisors LLC’s portfolio, making the stock its 17th largest position. GSG Advisors LLC’s holdings in Invesco QQQ were worth $3,449,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Atwater Malick LLC acquired a new position in shares of Invesco QQQ during the first quarter worth $293,000. Westwood Holdings Group Inc. lifted its stake in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares during the period. Aviance Capital Partners LLC lifted its stake in shares of Invesco QQQ by 29.7% in the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after acquiring an additional 1,033 shares during the period. GenWealth Group Inc. boosted its stake in shares of Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after purchasing an additional 2,325 shares during the last quarter. Finally, Fiera Capital Corp boosted its position in Invesco QQQ by 1.7% during the fourth quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock valued at $268,987,000 after acquiring an additional 11,013 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.5 %

Shares of Invesco QQQ stock traded up $2.34 during trading on Friday, reaching $450.41. 33,573,976 shares of the company traded hands, compared to its average volume of 46,461,876. The company has a 50 day moving average price of $473.79 and a 200-day moving average price of $450.49. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.68%.

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.