GSG Advisors LLC Has $3.60 Million Holdings in Invesco QQQ $QQQ

Key Points

• GSG Advisors LLC increased its stake in Invesco QQQ by 8.2% during the first quarter, owning 7,726 shares valued at $3,600,000.
• Other hedge funds have also adjusted their positions, with Brighton Jones LLC increasing its stake by 15.0% during the 4th quarter.
• As of the latest report, institutional investors own 44.58% of Invesco QQQ's stock, indicating strong interest among large investors.

GSG Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,726 shares of the exchange traded fund's stock after buying an additional 585 shares during the quarter. Invesco QQQ makes up about 1.2% of GSG Advisors LLC's investment portfolio, making the stock its 20th largest holding. GSG Advisors LLC's holdings in Invesco QQQ were worth $3,600,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in shares of Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock valued at $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new position in shares of Invesco QQQ during the first quarter valued at $2,775,904,000. Ameriprise Financial Inc. increased its holdings in shares of Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after purchasing an additional 756,990 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock valued at $1,163,036,000 after purchasing an additional 54,944 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Invesco QQQ by 34.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after purchasing an additional 568,120 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $9.5780 during mid-day trading on Friday, reaching $572.8580. 38,013,574 shares of the stock were exchanged, compared to its average volume of 44,959,566. The business has a fifty day moving average price of $557.02 and a 200 day moving average price of $515.49. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $583.32.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company Profile

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.