RMB Capital Management LLC Has $1.24 Million Position in Invesco QQQ Trust (NASDAQ:QQQ)

RMB Capital Management LLC lifted its holdings in Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 2.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,424 shares of the exchange traded fund’s stock after purchasing an additional 96 shares during the quarter. RMB Capital Management LLC’s holdings in Invesco QQQ Trust were worth $1,241,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of QQQ. Regency Capital Management Inc. DE bought a new position in shares of Invesco QQQ Trust during the fourth quarter worth about $27,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Invesco QQQ Trust during the 4th quarter worth approximately $29,000. William Allan LLC acquired a new stake in shares of Invesco QQQ Trust in the fourth quarter valued at approximately $36,000. Aquire Wealth Advisors LLC bought a new stake in shares of Invesco QQQ Trust in the fourth quarter worth $37,000. Finally, Arcadia Investment Management Corp MI acquired a new position in Invesco QQQ Trust during the first quarter worth $36,000. 42.74% of the stock is owned by institutional investors.

Invesco QQQ Trust Stock Down 0.8 %

Invesco QQQ Trust stock opened at $321.75 on Friday. The company has a fifty day simple moving average of $295.77 and a 200 day simple moving average of $322.51. Invesco QQQ Trust has a 1-year low of $269.28 and a 1-year high of $408.71.

Invesco QQQ Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Wednesday, June 22nd were paid a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 0.66%. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.43. The ex-dividend date was Tuesday, June 21st.

About Invesco QQQ Trust

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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.

Further Reading

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

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