Invesco QQQ $QQQ Shares Sold by GW Henssler & Associates Ltd.

Key Points

• GW Henssler & Associates Ltd. reduced its stake in Invesco QQQ by 42.7%, now holding 745 shares valued at $349,000.
• Goldman Sachs Group Inc. significantly increased its stake in Invesco QQQ by 959.6%, now owning over 24 million shares valued at approximately $11.3 billion.
• Invesco QQQ's stock has shown a 12-month low of $402.39 and a high of $583.32, with the recent trading price around $570.40.

GW Henssler & Associates Ltd. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 42.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 745 shares of the exchange traded fund's stock after selling 556 shares during the quarter. GW Henssler & Associates Ltd.'s holdings in Invesco QQQ were worth $349,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC increased its position in shares of Invesco QQQ by 10.5% during the first quarter. Focus Partners Advisor Solutions LLC now owns 29,211 shares of the exchange traded fund's stock worth $13,698,000 after purchasing an additional 2,772 shares in the last quarter. Ameriflex Group Inc. increased its position in shares of Invesco QQQ by 18.1% during the first quarter. Ameriflex Group Inc. now owns 6,181 shares of the exchange traded fund's stock worth $2,898,000 after purchasing an additional 946 shares in the last quarter. Flputnam Investment Management Co. boosted its stake in Invesco QQQ by 5.4% during the first quarter. Flputnam Investment Management Co. now owns 42,877 shares of the exchange traded fund's stock worth $20,106,000 after buying an additional 2,202 shares during the last quarter. Betterment LLC boosted its stake in Invesco QQQ by 17.5% during the first quarter. Betterment LLC now owns 83,943 shares of the exchange traded fund's stock worth $39,363,000 after buying an additional 12,484 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. boosted its stake in Invesco QQQ by 40.4% during the first quarter. Retirement Planning Co of New England Inc. now owns 17,241 shares of the exchange traded fund's stock worth $8,085,000 after buying an additional 4,958 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ traded up $4.36 on Thursday, reaching $574.43. 35,431,095 shares of the company were exchanged, compared to its average volume of 45,057,941. The business's fifty day moving average price is $564.11 and its 200 day moving average price is $518.10. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.