GG Group Ventures LLC Has $622,000 Stake in Invesco QQQ (NASDAQ:QQQ)

GG Group Ventures LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 18.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,222 shares of the exchange traded fund’s stock after purchasing an additional 188 shares during the quarter. Invesco QQQ accounts for about 0.9% of GG Group Ventures LLC’s portfolio, making the stock its 27th largest holding. GG Group Ventures LLC’s holdings in Invesco QQQ were worth $622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mechanics Financial Corp acquired a new position in Invesco QQQ during the 2nd quarter worth approximately $30,000. CGC Financial Services LLC increased its position in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas acquired a new position in Invesco QQQ during the 3rd quarter worth approximately $62,000. Finally, CarsonAllaria Wealth Management Ltd. increased its position in Invesco QQQ by 27.2% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund’s stock worth $63,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $522.38 on Tuesday. Invesco QQQ has a fifty-two week low of $391.53 and a fifty-two week high of $526.72. The company’s 50 day moving average price is $500.28 and its two-hundred day moving average price is $482.21.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Monday, September 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.