Gerber LLC Has $12.52 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Gerber LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,482 shares of the exchange traded fund’s stock after selling 409 shares during the quarter. Invesco QQQ accounts for approximately 9.1% of Gerber LLC’s investment portfolio, making the stock its 2nd largest holding. Gerber LLC’s holdings in Invesco QQQ were worth $12,516,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. PayPay Securities Corp grew its holdings in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $51,000. Finally, Legacy Bridge LLC boosted its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $476.92 on Thursday. The stock’s fifty day simple moving average is $516.50 and its 200 day simple moving average is $503.88. The firm has a market cap of $300.58 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. 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.