Invesco QQQ (NASDAQ:QQQ) Shares Bought by RAM Investment Partners LLC

RAM Investment Partners LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 73.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,081 shares of the exchange traded fund’s stock after buying an additional 457 shares during the period. RAM Investment Partners LLC’s holdings in Invesco QQQ were worth $518,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Atwater Malick LLC purchased a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $293,000. Westwood Holdings Group Inc. raised its position in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares during the period. Aviance Capital Partners LLC boosted its stake in shares of Invesco QQQ by 29.7% during the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after acquiring an additional 1,033 shares in the last quarter. GenWealth Group Inc. increased its stake in shares of Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after purchasing an additional 2,325 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in Invesco QQQ by 1.7% in the 4th quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock worth $268,987,000 after purchasing an additional 11,013 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.2 %

Shares of Invesco QQQ stock traded up $5.61 on Friday, reaching $476.27. The company’s stock had a trading volume of 33,206,496 shares, compared to its average volume of 40,489,914. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The stock has a 50-day moving average price of $474.23 and a 200-day moving average price of $454.58.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.64%.

About Invesco QQQ

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.