6,770 Shares in Invesco QQQ $QQQ Bought by Rubicon Global Capital Ltd

Rubicon Global Capital Ltd acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) during the 3rd quarter, Holdings Channel reports. The fund acquired 6,770 shares of the exchange traded fund’s stock, valued at approximately $5,008,000. Invesco QQQ accounts for 1.7% of Rubicon Global Capital Ltd’s portfolio, making the stock its 10th largest holding.

Other large investors also recently modified their holdings of the company. Parvin Asset Management LLC purchased a new stake in Invesco QQQ in the 1st quarter worth $28,000. High Point Wealth Management LLC lifted its holdings in Invesco QQQ by 68.0% in the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 17 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in Invesco QQQ by 83.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 25 shares in the last quarter. Bullseye Investment Management LLC bought a new position in Invesco QQQ in the 2nd quarter worth approximately $44,000. Finally, DecisionPoint Financial LLC boosted its stake in Invesco QQQ by 65.0% in the 3rd quarter. DecisionPoint Financial LLC now owns 66 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Stock Down 3.5%

Shares of QQQ opened at $690.49 on Friday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The company has a 50 day simple moving average of $725.00 and a two-hundred day simple moving average of $679.01.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were issued a $0.7514 dividend. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st.

About Invesco QQQ

(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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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:QQQ – Free Report).

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

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