Rareview Capital LLC Has $14.99 Million Stock Holdings in Invesco QQQ $QQQ

Rareview Capital LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,169 shares of the exchange traded fund’s stock after purchasing an additional 1,681 shares during the quarter. Invesco QQQ makes up approximately 8.7% of Rareview Capital LLC’s portfolio, making the stock its 3rd biggest position. Rareview Capital LLC’s holdings in Invesco QQQ were worth $14,988,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in QQQ. Carrera Capital Advisors grew its stake in shares of Invesco QQQ by 99.3% in the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after purchasing an additional 1,154 shares during the last quarter. Sovran Advisors LLC raised its position in Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after purchasing an additional 1,340 shares during the last quarter. Corepath Wealth Partners LLC raised its position in Invesco QQQ by 19.7% during the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares during the last quarter. Cane Capital Partners LLC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $715,000. Finally, Asset Allocation Strategies LLC purchased a new stake in Invesco QQQ in the 1st quarter worth approximately $18,142,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1%

Shares of QQQ stock opened at $713.61 on Friday. Invesco QQQ has a fifty-two week low of $549.58 and a fifty-two week high of $748.65. The business’s 50 day moving average price is $712.54 and its 200-day moving average price is $646.26.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be paid a $0.8135 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Weaker-than-expected June jobs data helped cool rate-hike fears, which is generally supportive for growth stocks and the Nasdaq-100 holdings that dominate QQQ. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Market commentary says the Nasdaq sell-off may have created a buying opportunity for QQQ after a weak first half for some of America’s biggest growth names. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Reports that stocks and Nasdaq futures were holding up ahead of the payroll release suggest investors remain willing to stay in or add to large-cap tech exposure through QQQ. S&P 500, Nasdaq Futures Climb While Dow Futures Fall Ahead Of Key Jobs Report: META, MU, JACK, CEG Stocks In Focus

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.