Rather & Kittrell Inc. Purchases New Stake in Invesco QQQ $QQQ

Rather & Kittrell Inc. bought a new stake in Invesco QQQ (NASDAQ:QQQFree Report) during the third quarter, HoldingsChannel reports. The institutional investor bought 1,189 shares of the exchange traded fund’s stock, valued at approximately $714,000.

Other large investors also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ during the second quarter valued at $30,000. Navigoe LLC lifted its position in shares of Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 45 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the 2nd quarter worth $41,000. PayPay Securities Corp increased its holdings in Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 30 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Invesco QQQ in the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1%

NASDAQ QQQ 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 firm’s 50-day simple moving average is $616.40 and its two-hundred day simple moving average is $595.42.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.7941 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 annualized dividend and a yield of 0.5%.

Invesco QQQ News Roundup

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

Invesco QQQ Company 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.

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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:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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