Invesco QQQ (NASDAQ:QQQ) Shares Sold by Gleason Group Inc.

Gleason Group Inc. cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 400 shares of the exchange traded fund’s stock after selling 77 shares during the period. Gleason Group Inc.’s holdings in Invesco QQQ were worth $164,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barclays PLC increased its position in shares of Invesco QQQ by 113.5% in the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after acquiring an additional 48,423,350 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after acquiring an additional 43,463,232 shares during the period. Morgan Stanley increased its position in shares of Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after acquiring an additional 1,533,114 shares during the period. MML Investors Services LLC acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at $298,069,000. Finally, Granite Bay Wealth Management LLC increased its position in shares of Invesco QQQ by 2,372.7% in the 3rd quarter. Granite Bay Wealth Management LLC now owns 804,357 shares of the exchange traded fund’s stock valued at $298,345,000 after acquiring an additional 771,827 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $0.82 during mid-day trading on Friday, hitting $444.01. The company’s stock had a trading volume of 36,839,641 shares, compared to its average volume of 45,533,704. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34. The business’s fifty day moving average is $434.46 and its two-hundred day moving average is $399.97.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date is Monday, March 18th.

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.