RAM Investment Partners LLC Has $597,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

RAM Investment Partners LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,167 shares of the exchange traded fund’s stock after acquiring an additional 20 shares during the quarter. RAM Investment Partners LLC’s holdings in Invesco QQQ were worth $597,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares in the last quarter. Legacy Bridge LLC lifted its stake in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ during the 3rd quarter valued at $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ during the 4th quarter worth $69,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its holdings in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $522.92 on Monday. The business’s 50-day moving average price is $521.26 and its 200-day moving average price is $495.67. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ 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.