14,407 Shares in Invesco QQQ $QQQ Acquired by Ramiah Investment Group

Ramiah Investment Group bought a new position in Invesco QQQ (NASDAQ:QQQFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,407 shares of the exchange traded fund’s stock, valued at approximately $8,650,000. Invesco QQQ makes up about 8.6% of Ramiah Investment Group’s holdings, making the stock its 3rd biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the period. Great Lakes Advisors LLC lifted its stake in shares of Invesco QQQ by 50.5% in the 1st quarter. Great Lakes Advisors LLC now owns 4,558 shares of the exchange traded fund’s stock valued at $2,137,000 after acquiring an additional 1,530 shares during the last quarter. Ascent Group LLC boosted its holdings in Invesco QQQ by 10.9% during the 1st quarter. Ascent Group LLC now owns 1,566 shares of the exchange traded fund’s stock valued at $735,000 after acquiring an additional 154 shares during the period. Finally, Ransom Advisory Ltd bought a new position in Invesco QQQ during the 1st quarter worth approximately $70,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.6%

Shares of Invesco QQQ stock opened at $620.47 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The business’s 50 day simple moving average is $616.04 and its two-hundred day simple moving average is $592.06.

Invesco QQQ Increases Dividend

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

Trending Headlines about Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

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.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.