Invesco QQQ (NASDAQ:QQQ) Shares Acquired by RB Capital Management LLC

RB Capital Management LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,099 shares of the exchange traded fund’s stock after buying an additional 202 shares during the period. RB Capital Management LLC’s holdings in Invesco QQQ were worth $1,024,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Invesco QQQ by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after purchasing an additional 832 shares in the last quarter. Lantz Financial LLC acquired a new stake in Invesco QQQ in the 2nd quarter valued at $214,000. LVW Advisors LLC purchased a new position in Invesco QQQ in the 2nd quarter valued at about $203,000. Burke & Herbert Bank & Trust Co. purchased a new position in Invesco QQQ in the 2nd quarter valued at about $203,000. Finally, NorthCrest Asset Manangement LLC boosted its position in Invesco QQQ by 0.7% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 4,298 shares of the exchange traded fund’s stock valued at $2,059,000 after buying an additional 29 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $522.38 on Tuesday. The firm has a 50-day moving average of $500.28 and a two-hundred day moving average of $482.21. Invesco QQQ has a 1-year low of $391.53 and a 1-year high of $526.72.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.52%.

Invesco QQQ Profile

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.