Invesco QQQ (NASDAQ:QQQ) is Richmond Brothers Inc.’s Largest Position

Richmond Brothers Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,258 shares of the exchange traded fund’s stock after selling 1,380 shares during the period. Invesco QQQ comprises approximately 32.3% of Richmond Brothers Inc.’s holdings, making the stock its largest position. Richmond Brothers Inc.’s holdings in Invesco QQQ were worth $18,535,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Summit X LLC raised its holdings in Invesco QQQ by 0.4% in the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after purchasing an additional 24 shares during the period. IMA Wealth Inc. increased its position in shares of Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after acquiring an additional 25 shares in the last quarter. S.A. Mason LLC increased its position in shares of Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after acquiring an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC increased its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 25 shares in the last quarter. Finally, Cedrus LLC increased its position in shares of Invesco QQQ by 1.7% during the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.0 %

Invesco QQQ stock traded down $0.22 during mid-day trading on Friday, reaching $451.76. The company’s stock had a trading volume of 35,803,719 shares, compared to its average volume of 39,883,960. Invesco QQQ has a 12 month low of $329.56 and a 12 month high of $454.69. The business’s 50 day simple moving average is $437.57 and its 200 day simple moving average is $418.90.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were given a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 18th.

Invesco QQQ Company 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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