Rubicon Global Capital Ltd Buys New Position in Invesco QQQ $QQQ

Rubicon Global Capital Ltd bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,770 shares of the exchange traded fund’s stock, valued at approximately $5,008,000. Invesco QQQ comprises approximately 1.7% of Rubicon Global Capital Ltd’s holdings, making the stock its 10th largest position.

Several other institutional investors have also added to or reduced their stakes in QQQ. Partners Wealth Management LLC boosted its stake in shares of Invesco QQQ by 1,009.1% during the 3rd quarter. Partners Wealth Management LLC now owns 20,884 shares of the exchange traded fund’s stock worth $15,465,000 after acquiring an additional 19,001 shares during the last quarter. Soltis Investment Advisors LLC grew its position in shares of Invesco QQQ by 14.8% during the 3rd quarter. Soltis Investment Advisors LLC now owns 24,789 shares of the exchange traded fund’s stock valued at $18,338,000 after acquiring an additional 3,195 shares during the period. Choreo LLC increased its stake in shares of Invesco QQQ by 10.6% in the 3rd quarter. Choreo LLC now owns 62,700 shares of the exchange traded fund’s stock worth $46,381,000 after purchasing an additional 5,998 shares in the last quarter. Sterling Financial Planning Inc. increased its stake in shares of Invesco QQQ by 0.5% in the 3rd quarter. Sterling Financial Planning Inc. now owns 6,805 shares of the exchange traded fund’s stock worth $5,034,000 after purchasing an additional 37 shares in the last quarter. Finally, Fonville Wealth Management LLC increased its stake in shares of Invesco QQQ by 44.8% in the 3rd quarter. Fonville Wealth Management LLC now owns 1,309 shares of the exchange traded fund’s stock worth $968,000 after purchasing an additional 405 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

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Invesco QQQ Stock Down 3.5%

Shares of Invesco QQQ stock opened at $690.49 on Friday. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86. The stock’s fifty day moving average is $725.00 and its 200 day moving average is $679.01.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a $0.7514 dividend. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%.

About Invesco QQQ

(Free Report)

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.

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

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