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2,496 Invesco QQQ $QQQ Shares Acquired by Raleigh Capital Management Inc.

Invesco QQQ logo with background
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Key Points

  • Raleigh Capital Management increased its Invesco QQQ holdings by 1,782.9% in the third quarter, purchasing 2,496 additional shares for a total position worth approximately $1.95 million.
  • Other institutions also added to QQQ, including International Assets Investment Management, which boosted its stake by 390.3%; institutional investors collectively own 44.58% of the ETF.
  • QQQ opened at $690.49, below its 50-day moving average of $725.00, while its quarterly dividend fell to $0.7514 per share from $0.8135, producing a 0.4% yield.
  • MarketBeat previews top five stocks to own in November.

Raleigh Capital Management Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1,782.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,636 shares of the exchange traded fund's stock after purchasing an additional 2,496 shares during the quarter. Raleigh Capital Management Inc.'s holdings in Invesco QQQ were worth $1,950,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of Invesco QQQ by 390.3% in the third quarter. International Assets Investment Management LLC now owns 300,000 shares of the exchange traded fund's stock worth $221,931,000 after acquiring an additional 238,814 shares during the period. Lebenthal Global Advisors LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at $233,000. Canopy Partners LLC raised its stake in shares of Invesco QQQ by 28.6% during the 3rd quarter. Canopy Partners LLC now owns 943 shares of the exchange traded fund's stock valued at $698,000 after purchasing an additional 210 shares during the period. Brian Low Financial Group LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at $342,000. Finally, Rubicon Global Capital Ltd bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at $5,008,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $690.49 on Friday. The stock's 50-day simple moving average is $725.00 and its 200 day simple moving average is $679.01. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86.

Invesco QQQ Cuts Dividend

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

Trending Headlines about Invesco QQQ

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

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.

See Also

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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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