Invesco QQQ $QQQ Shares Sold by RHS Financial LLC

RHS Financial LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 38.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,128 shares of the exchange traded fund’s stock after selling 699 shares during the period. RHS Financial LLC’s holdings in Invesco QQQ were worth $622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC grew its stake in Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in 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 purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new position in Invesco QQQ during the 1st quarter worth $2,775,904,000. Spear Holdings RSC Ltd acquired a new position in Invesco QQQ during the 1st quarter worth $474,600,000. Finally, Altimeter Capital Management LP acquired a new position in Invesco QQQ during the 1st quarter worth $463,293,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 2.1%

Shares of QQQ stock opened at $602.01 on Tuesday. The firm has a fifty day moving average price of $584.64 and a 200 day moving average price of $537.61. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ Company Profile

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.