Louisiana State Employees Retirement System Trims Stake in Invesco QQQ (NASDAQ:QQQ)

Louisiana State Employees Retirement System lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 31.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,900 shares of the exchange traded fund’s stock after selling 11,600 shares during the period. Louisiana State Employees Retirement System’s holdings in Invesco QQQ were worth $12,730,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. GAMMA Investing LLC lifted its position in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after buying an additional 11,351 shares in the last quarter. Socha Financial Group LLC lifted its holdings in shares of Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after acquiring an additional 2,171 shares during the last quarter. NRI Wealth Management LC purchased a new position in Invesco QQQ in the fourth quarter worth $28,729,000. Finally, Garden State Investment Advisory Services LLC increased its stake in Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after acquiring an additional 3,581 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.2 %

Shares of QQQ stock opened at $527.99 on Wednesday. The business has a 50-day moving average price of $521.54 and a two-hundred day moving average price of $496.40. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors 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 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.