GFG Capital LLC Sells 127 Shares of Invesco QQQ (NASDAQ:QQQ)

GFG Capital LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,622 shares of the exchange traded fund’s stock after selling 127 shares during the period. Invesco QQQ accounts for about 1.3% of GFG Capital LLC’s investment portfolio, making the stock its 22nd biggest holding. GFG Capital LLC’s holdings in Invesco QQQ were worth $4,919,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vicus Capital grew its holdings in Invesco QQQ by 0.7% in the fourth quarter. Vicus Capital now owns 35,723 shares of the exchange traded fund’s stock worth $18,263,000 after purchasing an additional 242 shares during the last quarter. CFC Planning Co LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $2,429,000. Squire Investment Management Company LLC purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $209,000. First Merchants Corp raised its position in Invesco QQQ by 105.6% during the fourth quarter. First Merchants Corp now owns 1,842 shares of the exchange traded fund’s stock valued at $942,000 after acquiring an additional 946 shares in the last quarter. Finally, Littlejohn Financial Services Inc. acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $5,268,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.4 %

Shares of NASDAQ:QQQ opened at $535.90 on Friday. The business’s 50 day moving average price is $521.86 and its 200-day moving average price is $497.08. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

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