Royal Fund Management LLC Sells 8,067 Shares of Invesco QQQ $QQQ

Royal Fund Management LLC trimmed its position in Invesco QQQ (NASDAQ:QQQFree Report) by 28.3% in the 3rd quarter, Holdings Channel reports. The firm owned 20,420 shares of the exchange traded fund’s stock after selling 8,067 shares during the quarter. Invesco QQQ accounts for 1.5% of Royal Fund Management LLC’s holdings, making the stock its 11th largest position. Royal Fund Management LLC’s holdings in Invesco QQQ were worth $12,327,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after buying an additional 1,457,109 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco QQQ by 0.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock valued at $1,778,116,000 after acquiring an additional 22,220 shares during the last quarter. HRT Financial LP grew its holdings in shares of Invesco QQQ by 118.3% during the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares in the last quarter. Symphony Financial Ltd. Co. purchased a new position in shares of Invesco QQQ during the second quarter worth about $1,236,482,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of Invesco QQQ by 6.3% in the second quarter. Rockefeller Capital Management L.P. now owns 1,101,906 shares of the exchange traded fund’s stock worth $611,049,000 after purchasing an additional 65,387 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1%

Shares of QQQ opened at $621.26 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The firm’s 50 day simple moving average is $616.40 and its 200 day simple moving average is $596.07.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

Key Invesco QQQ News

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.

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

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