Rappaport Reiches Capital Management LLC Has $6.46 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Rappaport Reiches Capital Management LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,644 shares of the exchange traded fund’s stock after selling 69 shares during the period. Invesco QQQ accounts for 1.7% of Rappaport Reiches Capital Management LLC’s holdings, making the stock its 12th largest holding. Rappaport Reiches Capital Management LLC’s holdings in Invesco QQQ were worth $6,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas acquired a new position in shares of Invesco QQQ during the third quarter worth $62,000. Brooklyn Investment Group acquired a new position in shares of Invesco QQQ during the fourth quarter worth $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Invesco QQQ by 75.9% during the third 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 during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $529.63 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The firm has a fifty day simple moving average of $517.20 and a 200 day simple moving average of $493.09.

Invesco QQQ Announces Dividend

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

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.