Invesco QQQ $QQQ Shares Acquired by Raelipskie Partnership

Raelipskie Partnership increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 30,984 shares of the exchange traded fund’s stock after purchasing an additional 1,300 shares during the quarter. Invesco QQQ makes up about 7.8% of Raelipskie Partnership’s investment portfolio, making the stock its 4th largest position. Raelipskie Partnership’s holdings in Invesco QQQ were worth $17,092,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC purchased a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ during the 2nd quarter valued at $41,000. Blume Capital Management Inc. grew its holdings in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares during the last quarter. Moser Wealth Advisors LLC increased its position in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC raised its holdings in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.9%

QQQ opened at $611.67 on Friday. The business’s fifty day simple moving average is $600.55 and its 200 day simple moving average is $557.99. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were given a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

About Invesco QQQ

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.