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

Raleigh Capital Management Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 1,782.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,636 shares of the exchange traded fund’s stock after purchasing an additional 2,496 shares during the period. Raleigh Capital Management Inc.’s holdings in Invesco QQQ were worth $1,950,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in QQQ. International Assets Investment Management LLC grew its stake in Invesco QQQ by 390.3% in the 3rd quarter. International Assets Investment Management LLC now owns 300,000 shares of the exchange traded fund’s stock worth $221,931,000 after buying an additional 238,814 shares in the last quarter. Lebenthal Global Advisors LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $233,000. Canopy Partners LLC increased its holdings in shares of Invesco QQQ by 28.6% in the 3rd quarter. Canopy Partners LLC now owns 943 shares of the exchange traded fund’s stock worth $698,000 after buying an additional 210 shares during the last quarter. Brian Low Financial Group LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $342,000. Finally, Rubicon Global Capital Ltd purchased 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.

Key Invesco QQQ News

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

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $690.49 on Friday. The firm’s fifty day moving average price is $725.00 and its 200-day moving average price is $679.01. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were paid a $0.7514 dividend. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 21st.

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)

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