Rehmann Capital Advisory Group lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,473 shares of the exchange traded fund's stock after acquiring an additional 1,788 shares during the quarter. Invesco QQQ accounts for about 0.7% of Rehmann Capital Advisory Group's holdings, making the stock its 29th biggest position. Rehmann Capital Advisory Group's holdings in Invesco QQQ were worth $11,476,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its holdings in Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after buying an additional 756,990 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after acquiring an additional 52,235 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Invesco QQQ by 34.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after acquiring an additional 568,120 shares during the last quarter. GAMMA Investing LLC raised its stake in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Invesco QQQ by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock valued at $629,680,000 after purchasing an additional 14,017 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
Invesco QQQ stock traded down $1.25 during trading on Friday, hitting $554.20. The company's stock had a trading volume of 39,558,757 shares, compared to its average volume of 39,451,836. The stock's fifty day moving average is $525.75 and its 200 day moving average is $505.74. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.63.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%.
Invesco QQQ Company Profile
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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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