Rathbones Group PLC Raises Position in Invesco QQQ $QQQ

Rathbones Group PLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,226 shares of the exchange traded fund’s stock after acquiring an additional 1,588 shares during the quarter. Rathbones Group PLC’s holdings in Invesco QQQ were worth $18,568,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ during the third quarter worth approximately $25,000. Shcp LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth about $27,000. Navigoe LLC raised its stake in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 45 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Invesco QQQ during the 3rd quarter valued at approximately $40,000. Finally, PayPay Securities Corp raised its stake in Invesco QQQ by 78.9% during 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. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $588.50 on Tuesday. The stock has a 50 day simple moving average of $601.34 and a 200-day simple moving average of $609.38. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Cuts Dividend

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