RFG Holdings Inc. Buys 1,531 Shares of Invesco QQQ $QQQ

RFG Holdings Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,741 shares of the exchange traded fund’s stock after acquiring an additional 1,531 shares during the quarter. Invesco QQQ accounts for 13.0% of RFG Holdings Inc.’s holdings, making the stock its 2nd largest position. RFG Holdings Inc.’s holdings in Invesco QQQ were worth $50,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ during the second quarter valued at $30,000. Navigoe LLC raised its position in shares of Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 45 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth about $41,000. Moser Wealth Advisors LLC grew its position in shares of 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 during the period. Finally, Ransom Advisory Ltd acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at about $70,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $623.20 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The business has a 50-day moving average price of $615.39 and a 200 day moving average price of $585.64.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.7941 per share. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

Invesco QQQ Profile

(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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