GFG Capital LLC Sells 538 Shares of Invesco QQQ $QQQ

GFG Capital LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,065 shares of the exchange traded fund’s stock after selling 538 shares during the period. Invesco QQQ makes up 1.5% of GFG Capital LLC’s portfolio, making the stock its 22nd biggest holding. GFG Capital LLC’s holdings in Invesco QQQ were worth $5,000,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Compass Financial Services Inc increased its holdings in shares of Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock worth $2,345,000 after buying an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. increased its holdings in shares of Invesco QQQ by 4.2% during the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after buying an additional 20 shares in the last quarter. Barrett & Company Inc. increased its holdings in shares of Invesco QQQ by 14.9% during the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after buying an additional 20 shares in the last quarter. MTM Investment Management LLC increased its holdings in shares of Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after buying an additional 21 shares in the last quarter. Finally, Cutler Investment Counsel LLC increased its holdings in shares of Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock worth $710,000 after buying an additional 21 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.1%

NASDAQ QQQ opened at $610.70 on Friday. The company has a 50 day moving average of $583.17 and a 200-day moving average of $535.28. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $611.75.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.