Invesco QQQ $QQQ is Rainier Family Wealth Inc.’s 7th Largest Position

Rainier Family Wealth Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,103 shares of the exchange traded fund’s stock after purchasing an additional 918 shares during the quarter. Invesco QQQ accounts for approximately 3.8% of Rainier Family Wealth Inc.’s investment portfolio, making the stock its 7th largest holding. Rainier Family Wealth Inc.’s holdings in Invesco QQQ were worth $4,978,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. HRT Financial LP raised its position in Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after buying an additional 1,704,600 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Invesco QQQ by 0.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock valued at $1,843,749,000 after acquiring an additional 8,038 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Invesco QQQ by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock worth $1,792,901,000 after acquiring an additional 64,025 shares during the period. Analyst IMS Investment Management Services Ltd. increased its stake in shares of Invesco QQQ by 68.6% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after acquiring an additional 712,026 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Invesco QQQ by 0.5% during the third quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock worth $827,346,000 after purchasing an additional 7,378 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $584.98 on Friday. The firm has a fifty day moving average price of $602.08 and a 200 day moving average price of $609.29. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%.

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

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