Raleigh Capital Management Inc. Sells 3,117 Shares of Invesco QQQ $QQQ

Raleigh Capital Management Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 95.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140 shares of the exchange traded fund’s stock after selling 3,117 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Invesco QQQ were worth $81,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of 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 worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Jupiter Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 2nd quarter worth $290,000. Wealth Group Ltd. grew its position in shares of Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after acquiring an additional 18,210 shares during the period. Finally, Invesco Ltd. grew its position in shares of Invesco QQQ by 1,057.3% during the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after acquiring an additional 30,206 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $713.61 on Monday. Invesco QQQ has a one year low of $549.58 and a one year high of $748.65. The business has a fifty day moving average price of $712.54 and a 200-day moving average price of $646.51.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given a $0.8135 dividend. The ex-dividend date is Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Weaker-than-expected June jobs data helped cool rate-hike fears, which is generally supportive for growth stocks and the Nasdaq-100 holdings that dominate QQQ. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Market commentary says the Nasdaq sell-off may have created a buying opportunity for QQQ after a weak first half for some of America’s biggest growth names. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Reports that stocks and Nasdaq futures were holding up ahead of the payroll release suggest investors remain willing to stay in or add to large-cap tech exposure through QQQ. S&P 500, Nasdaq Futures Climb While Dow Futures Fall Ahead Of Key Jobs Report: META, MU, JACK, CEG Stocks In Focus

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.