RPG Investment Advisory LLC Buys 3,229 Shares of Invesco QQQ $QQQ

Key Points

• RPG Investment Advisory LLC increased its stake in Invesco QQQ by 105.8% in the 1st quarter, growing its holdings to 6,282 shares valued at approximately $2.95 million.
• Several other institutional investors also adjusted their holdings in Invesco QQQ, with combined ownership by these groups reaching 44.58% of the stock.
• Invesco QQQ has experienced significant price fluctuations, with a 52-week low of $402.39 and a high of $583.32, while recently declaring a quarterly dividend of $0.5911.

RPG Investment Advisory LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 105.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,282 shares of the exchange traded fund's stock after acquiring an additional 3,229 shares during the quarter. RPG Investment Advisory LLC's holdings in Invesco QQQ were worth $2,946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. Goldman Sachs Group Inc. grew its stake in shares of Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new position in shares of Invesco QQQ during the 1st quarter worth $2,775,904,000. NWI Management LP boosted its stake in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC boosted 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 worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Finally, Spear Holdings RSC Ltd bought a new position in Invesco QQQ in the 1st quarter worth about $474,600,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 1.5%

NASDAQ QQQ traded up $8.69 during trading hours on Friday, hitting $571.97. The company had a trading volume of 51,413,030 shares, compared to its average volume of 46,061,000. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32. The firm has a 50 day simple moving average of $557.92 and a 200 day simple moving average of $515.74.

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 paid a $0.5911 dividend. The ex-dividend date 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.