Marmo Financial Group LLC Has $2.84 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Marmo Financial Group LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,562 shares of the exchange traded fund’s stock after selling 163 shares during the period. Invesco QQQ makes up about 1.5% of Marmo Financial Group LLC’s holdings, making the stock its 15th biggest holding. Marmo Financial Group LLC’s holdings in Invesco QQQ were worth $2,842,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ during the third quarter worth $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ during the fourth quarter worth $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

Shares of Invesco QQQ stock opened at $522.29 on Friday. The business has a 50-day moving average price of $519.22 and a two-hundred day moving average price of $493.95. 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 issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 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.