Invesco QQQ $QQQ Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its holdings in Invesco QQQ by 3.1%, now owning 519,888 shares valued at approximately $243.8 million, making it the fund's 19th largest position.
• Other institutions like Brighton Jones LLC and Eagle Capital Management LLC have increased their stakes, demonstrating ongoing interest in Invesco QQQ among institutional investors.
• Invesco QQQ's most recent quarterly dividend was $0.5911, representing an annualized yield of 0.4%.

Rafferty Asset Management LLC decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 519,888 shares of the exchange traded fund's stock after selling 16,519 shares during the quarter. Invesco QQQ comprises about 1.0% of Rafferty Asset Management LLC's holdings, making the stock its 19th largest position. Rafferty Asset Management LLC owned 0.08% of Invesco QQQ worth $243,786,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. Eagle Capital Management LLC increased its stake in shares of Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after acquiring an additional 185 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after buying an additional 176 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $610,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ stock opened at $570.32 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32. The stock's 50 day simple moving average is $558.65 and its 200 day simple moving average is $515.97.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.

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