Invesco QQQ (NASDAQ:QQQ) Stock Position Lowered by G&S Capital LLC

G&S Capital LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 7.8% in the fourth quarter, HoldingsChannel reports. The fund owned 12,038 shares of the exchange traded fund’s stock after selling 1,018 shares during the period. Invesco QQQ makes up about 2.5% of G&S Capital LLC’s portfolio, making the stock its 5th biggest position. G&S Capital LLC’s holdings in Invesco QQQ were worth $6,154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of QQQ. MGB Wealth Management LLC boosted its position in Invesco QQQ by 9.0% during the 4th quarter. MGB Wealth Management LLC now owns 27,991 shares of the exchange traded fund’s stock valued at $14,323,000 after buying an additional 2,312 shares during the period. Beckerman Institutional LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at about $219,000. Prairieview Wealth Partners LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at about $452,000. MTM Investment Management LLC boosted its holdings in shares of Invesco QQQ by 10.1% during the fourth quarter. MTM Investment Management LLC now owns 1,276 shares of the exchange traded fund’s stock worth $653,000 after purchasing an additional 117 shares during the period. Finally, Tranquility Partners LLC boosted its holdings in shares of Invesco QQQ by 5.0% during the fourth quarter. Tranquility Partners LLC now owns 3,177 shares of the exchange traded fund’s stock worth $1,637,000 after purchasing an additional 150 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $528.30 on Thursday. The stock’s 50-day moving average is $521.86 and its 200 day moving average is $497.08. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.