Rathbones Group PLC Sells 99 Shares of Invesco QQQ $QQQ

Rathbones Group PLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,302 shares of the exchange traded fund’s stock after selling 99 shares during the quarter. Rathbones Group PLC’s holdings in Invesco QQQ were worth $15,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Wealth Group Ltd. boosted its holdings in Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after acquiring an additional 4,835 shares during the period. Bank of New York Mellon Corp grew its position in Invesco QQQ by 7.7% in the 1st quarter. Bank of New York Mellon Corp now owns 99,906 shares of the exchange traded fund’s stock valued at $46,848,000 after acquiring an additional 7,147 shares during the last quarter. Finally, 3EDGE Asset Management LP increased its stake in Invesco QQQ by 29.7% in the first quarter. 3EDGE Asset Management LP now owns 2,386 shares of the exchange traded fund’s stock worth $1,119,000 after purchasing an additional 547 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3%

NASDAQ:QQQ opened at $609.74 on Monday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The stock has a fifty day simple moving average of $601.34 and a 200-day simple moving average of $560.76.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.