10,735 Shares in Invesco QQQ $QQQ Purchased by Requisite Capital Management LLC

Requisite Capital Management LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,735 shares of the exchange traded fund’s stock, valued at approximately $6,595,000. Invesco QQQ comprises approximately 1.3% of Requisite Capital Management LLC’s holdings, making the stock its 12th largest holding.

Other large investors have also added to or reduced their stakes in the company. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ during the third quarter worth about $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ in the third quarter worth about $27,000. Rachor Investment Advisory Services LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $29,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Invesco QQQ in the third quarter worth about $40,000. Finally, Morgan Dempsey Capital Management LLC increased its stake in shares of Invesco QQQ by 45.5% in the third quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $708.93 on Monday. The firm has a 50-day moving average price of $628.38 and a 200-day moving average price of $620.21. Invesco QQQ has a twelve month low of $505.58 and a twelve month high of $722.03.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.4%.

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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.

Further Reading

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

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