Rather & Kittrell Inc. Invests $714,000 in Invesco QQQ $QQQ

Rather & Kittrell Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,189 shares of the exchange traded fund’s stock, valued at approximately $714,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ in the 2nd quarter valued at $30,000. Navigoe LLC raised its holdings in shares of Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the second quarter valued at about $41,000. PayPay Securities Corp lifted its position in shares of Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Invesco QQQ during the third quarter worth about $42,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Invesco QQQ

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

Invesco QQQ Stock Down 0.1%

Shares of QQQ stock opened at $621.26 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The company has a 50-day simple moving average of $616.40 and a two-hundred day simple moving average of $595.42.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a dividend of $0.7941 per share. 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 dividend on an annualized basis and a dividend yield of 0.5%.

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.

Recommended Stories

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.