Invesco QQQ $QQQ Shares Bought by GSG Advisors LLC

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 grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,726 shares of the exchange traded fund's stock after buying an additional 585 shares during the quarter. Invesco QQQ comprises 1.2% of GSG Advisors LLC's holdings, making the stock its 20th biggest position. GSG Advisors LLC's holdings in Invesco QQQ were worth $3,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Eagle Capital Management LLC increased its stake in Invesco QQQ by 0.3% in the 4th 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 increased its stake in shares of Invesco QQQ by 15.0% during the 4th 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 last quarter. Revolve Wealth Partners LLC increased its stake in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after purchasing an additional 176 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Invesco QQQ by 25.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,869 shares of the exchange traded fund's stock valued at $1,467,000 after purchasing an additional 573 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in shares of Invesco QQQ by 119.8% in the 4th quarter. Guggenheim Capital LLC now owns 5,778 shares of the exchange traded fund's stock valued at $2,954,000 after purchasing an additional 3,149 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $577.34 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32. The company's fifty day moving average price is $554.13 and its two-hundred day moving average price is $514.06.

Invesco QQQ Cuts Dividend

The business 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. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

Invesco QQQ 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.

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