Stadion Money Management LLC Sells 6,237 Shares of Invesco QQQ $QQQ

Stadion Money Management LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 170,614 shares of the exchange traded fund’s stock after selling 6,237 shares during the quarter. Invesco QQQ comprises 8.5% of Stadion Money Management LLC’s portfolio, making the stock its 3rd largest position. Stadion Money Management LLC’s holdings in Invesco QQQ were worth $104,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Harvest Investment Advisors LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $34,427,000. State of Wisconsin Investment Board increased its position in Invesco QQQ by 85.5% in the 4th quarter. State of Wisconsin Investment Board now owns 15,815 shares of the exchange traded fund’s stock valued at $9,715,000 after acquiring an additional 7,290 shares during the period. Captrust Financial Advisors increased its position in Invesco QQQ by 14.7% in the 4th quarter. Captrust Financial Advisors now owns 435,995 shares of the exchange traded fund’s stock valued at $267,836,000 after acquiring an additional 55,777 shares during the period. &PARTNERS increased its position in Invesco QQQ by 34.7% in the 4th quarter. &PARTNERS now owns 134,062 shares of the exchange traded fund’s stock valued at $82,366,000 after acquiring an additional 34,557 shares during the period. Finally, National Bank of Canada FI increased its position in Invesco QQQ by 208.2% in the 4th quarter. National Bank of Canada FI now owns 492,469 shares of the exchange traded fund’s stock valued at $302,510,000 after acquiring an additional 332,661 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

QQQ opened at $729.86 on Wednesday. Invesco QQQ has a 12 month low of $523.65 and a 12 month high of $748.65. The stock’s 50 day moving average price is $686.99 and its 200 day moving average price is $637.15.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Invesco QQQ Profile

(Free Report)

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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