Stadion Money Management LLC Reduces Position in Invesco QQQ (NASDAQ:QQQ)

Stadion Money Management LLC reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,810 shares of the exchange traded fund's stock after selling 14,086 shares during the quarter. Invesco QQQ makes up about 8.8% of Stadion Money Management LLC's investment portfolio, making the stock its 3rd biggest holding. Stadion Money Management LLC's holdings in Invesco QQQ were worth $111,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. PayPay Securities Corp boosted its stake in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after acquiring an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $37,000. Finally, Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $1.74 during midday trading on Tuesday, hitting $520.27. 42,067,868 shares of the company's stock were exchanged, compared to its average volume of 36,948,198. The stock's 50 day moving average price is $471.81 and its 200-day moving average price is $500.39. The firm has a market cap of $326.03 billion, a P/E ratio of 30.62 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

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

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.