Rakuten Investment Management Inc. Acquires New Holdings in Invesco QQQ $QQQ

Rakuten Investment Management Inc. bought a new position in Invesco QQQ (NASDAQ:QQQFree Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,000 shares of the exchange traded fund’s stock, valued at approximately $7,783,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ during the second quarter worth about $30,000. Navigoe LLC grew its stake in Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 45 shares in the last quarter. PayPay Securities Corp increased its holdings in Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 30 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the third quarter worth about $42,000. Finally, Moser Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.4%

Invesco QQQ stock opened at $616.28 on Thursday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The firm’s fifty day moving average is $615.99 and its 200 day moving average is $597.04.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $0.7941 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ News Roundup

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

About Invesco QQQ

(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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