Investors Asset Management of Georgia Inc. GA ADV Decreases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Investors Asset Management of Georgia Inc. GA ADV decreased its position in Invesco QQQ (NASDAQ:QQQ) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,178 shares of the exchange traded fund’s stock after selling 222 shares during the quarter. Invesco QQQ accounts for about 1.0% of Investors Asset Management of Georgia Inc. GA ADV’s investment portfolio, making the stock its 21st largest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Invesco QQQ were worth $2,136,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC lifted its holdings in Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after buying an additional 19 shares in the last quarter. Northeast Investment Management lifted its stake in shares of Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 20 shares in the last quarter. Planning Capital Management Corp lifted its stake in shares of Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC boosted its holdings in Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after purchasing an additional 20 shares during the last quarter. Finally, Hoese & Co LLP grew its stake in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4 %

Invesco QQQ stock opened at $537.23 on Friday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The stock has a 50 day moving average of $523.48 and a 200-day moving average of $500.07.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.