Rathbones Group PLC Sells 99 Shares of Invesco QQQ $QQQ

Rathbones Group PLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,302 shares of the exchange traded fund’s stock after selling 99 shares during the period. Rathbones Group PLC’s holdings in Invesco QQQ were worth $15,061,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ in the 2nd quarter worth approximately $30,000. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ during the second quarter worth $41,000. Blume Capital Management Inc. boosted its position in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares in the last quarter. Moser Wealth Advisors LLC boosted its position in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC increased its holdings in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ opened at $609.74 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The stock has a fifty day moving average price of $601.34 and a 200-day moving average price of $560.76.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.