RMB Capital Management LLC Reduces Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

RMB Capital Management LLC trimmed its stake in Invesco QQQ Trust (NASDAQ:QQQ) by 50.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,408 shares of the exchange traded fund’s stock after selling 3,461 shares during the period. RMB Capital Management LLC’s holdings in Invesco QQQ Trust were worth $1,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC grew its position in shares of Invesco QQQ Trust by 56.4% in the 1st quarter. Ridgewood Investments LLC now owns 3,379 shares of the exchange traded fund’s stock valued at $1,078,000 after buying an additional 1,218 shares during the last quarter. Levy Wealth Management Group LLC purchased a new position in Invesco QQQ Trust during the 4th quarter worth $18,273,000. Kwmg LLC grew its position in Invesco QQQ Trust by 8.4% during the 1st quarter. Kwmg LLC now owns 36,313 shares of the exchange traded fund’s stock worth $11,589,000 after purchasing an additional 2,805 shares during the last quarter. Benedict Financial Advisors Inc. purchased a new position in Invesco QQQ Trust during the 1st quarter worth $2,049,000. Finally, West Financial Advisors LLC grew its position in Invesco QQQ Trust by 1.7% during the 1st quarter. West Financial Advisors LLC now owns 44,548 shares of the exchange traded fund’s stock worth $14,217,000 after purchasing an additional 744 shares during the last quarter. 45.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Invesco QQQ Trust stock opened at $340.35 on Friday. Invesco QQQ Trust has a 1 year low of $231.47 and a 1 year high of $342.80. The stock’s fifty day simple moving average is $333.17.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Shareholders of record on Tuesday, March 23rd were given a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, March 22nd.

Invesco QQQ Trust 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.

Read More: What is the LIBOR?

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

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