JDM Financial Group LLC Sells 35 Shares of Invesco QQQ (NASDAQ:QQQ)

JDM Financial Group LLC cut its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 8.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 385 shares of the exchange traded fund’s stock after selling 35 shares during the quarter. JDM Financial Group LLC’s holdings in Invesco QQQ were worth $138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Barclays PLC lifted its holdings in 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 purchasing an additional 48,423,350 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Invesco QQQ by 156,045.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after acquiring an additional 43,463,232 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Invesco QQQ by 296.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,523,694 shares of the exchange traded fund’s stock worth $3,887,663,000 after acquiring an additional 7,868,131 shares during the period. Morgan Stanley lifted its holdings in shares of Invesco QQQ by 10.0% during the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after acquiring an additional 1,533,114 shares during the period. Finally, Senator Investment Group LP purchased a new position in shares of Invesco QQQ during the 2nd quarter worth about $319,548,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.5 %

Shares of QQQ stock traded down $2.33 during trading hours on Wednesday, hitting $435.27. 32,177,578 shares of the company were exchanged, compared to its average volume of 44,912,770. Invesco QQQ has a 1 year low of $285.19 and a 1 year high of $440.59. The firm has a fifty day moving average of $419.36 and a 200 day moving average of $389.27.

Invesco QQQ Announces Dividend

The business also recently disclosed a None dividend, which was paid on Monday, January 15th. Stockholders of record on Thursday, December 28th were issued a dividend of $0.2158 per share. The ex-dividend date of this dividend was Wednesday, December 27th.

Invesco QQQ Company 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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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