Invesco QQQ (NASDAQ:QQQ) is GTS Securities LLC's 3rd Largest Position

GTS Securities LLC reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 78.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,032 shares of the exchange traded fund's stock after selling 377,818 shares during the quarter. Invesco QQQ accounts for about 2.5% of GTS Securities LLC's holdings, making the stock its 3rd largest holding. GTS Securities LLC's holdings in Invesco QQQ were worth $51,639,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Stephens Consulting LLC boosted its stake in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after buying an additional 19 shares during the period. Farmers & Merchants Investments Inc. lifted its stake in Invesco QQQ by 1.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after purchasing an additional 20 shares during the last quarter. RAM Investment Partners LLC lifted its position in Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after acquiring an additional 20 shares during the last quarter. HighMark Wealth Management LLC lifted its stake in Invesco QQQ by 5.2% in the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after buying an additional 20 shares during the last quarter. Finally, Providence First Trust Co raised its holdings in shares of Invesco QQQ by 3.0% in the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after buying an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $10.61 on Tuesday, reaching $519.85. The company's stock had a trading volume of 20,670,572 shares, compared to its average volume of 37,301,961. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock's 50-day moving average is $475.41 and its two-hundred day moving average is $500.77. The stock has a market capitalization of $325.76 billion, a P/E ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.