Invesco QQQ $QQQ Stock Position Raised by Royal Fund Management LLC

Royal Fund Management LLC raised its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 174.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,985 shares of the exchange traded fund’s stock after purchasing an additional 35,565 shares during the period. Invesco QQQ comprises approximately 3.1% of Royal Fund Management LLC’s holdings, making the stock its 2nd largest holding. Royal Fund Management LLC’s holdings in Invesco QQQ were worth $34,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. Brighton Jones LLC raised its holdings in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares during the last quarter. Jupiter Wealth Management LLC acquired a new position in Invesco QQQ during the 2nd quarter worth $290,000. Wealth Group Ltd. grew its holdings in Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after acquiring an additional 18,210 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Invesco QQQ by 37.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 5,644 shares of the exchange traded fund’s stock worth $3,113,000 after purchasing an additional 1,551 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $577.10 on Wednesday. The firm’s 50-day simple moving average is $604.19 and its 200-day simple moving average is $609.56. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.7328 dividend. This represents a $2.93 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

Key Stories Impacting Invesco QQQ

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

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.

Recommended Stories

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

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.