Gries Financial LLC reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 19.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,843 shares of the exchange traded fund's stock after selling 2,614 shares during the quarter. Invesco QQQ accounts for approximately 1.0% of Gries Financial LLC's investment portfolio, making the stock its 14th largest holding. Gries Financial LLC's holdings in Invesco QQQ were worth $5,084,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Capital Management LLC grew its position in Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after buying an additional 185 shares during the period. Brighton Jones LLC raised its stake in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after acquiring an additional 176 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $96,000. Finally, Fortis Capital Management LLC raised its stake in shares of Invesco QQQ by 9.9% in the 4th quarter. Fortis Capital Management LLC now owns 6,717 shares of the exchange traded fund's stock valued at $3,434,000 after acquiring an additional 606 shares during the period. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Price Performance
QQQ traded up $2.91 during trading hours on Monday, hitting $564.17. 39,437,343 shares of the company's stock were exchanged, compared to its average volume of 39,495,733. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $566.05. The firm has a 50 day moving average of $534.38 and a 200 day moving average of $507.13.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.
About Invesco QQQ
(
Free Report)
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.
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