Invesco QQQ $QQQ Stake Lifted by RAM Investment Partners LLC

RAM Investment Partners LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 21.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,413 shares of the exchange traded fund’s stock after buying an additional 251 shares during the quarter. RAM Investment Partners LLC’s holdings in Invesco QQQ were worth $780,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares during the last quarter. Wealth Group Ltd. lifted its holdings in Invesco QQQ by 305.2% in the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after acquiring an additional 4,835 shares during the last quarter. Allen Capital Group LLC bought a new position in shares of Invesco QQQ during the 1st quarter valued at about $253,000. Finally, Verdence Capital Advisors LLC grew its stake in shares of Invesco QQQ by 12.0% in the 1st quarter. Verdence Capital Advisors LLC now owns 6,388 shares of the exchange traded fund’s stock worth $2,995,000 after purchasing an additional 686 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $608.40 on Friday. The business has a fifty day simple moving average of $605.20 and a 200-day simple moving average of $563.62. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company 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.