Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Rainey & Randall Investment Management Inc.

Rainey & Randall Investment Management Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 4th quarter, Holdings Channel reports. The firm owned 15,581 shares of the exchange traded fund’s stock after buying an additional 319 shares during the quarter. Invesco QQQ accounts for approximately 1.6% of Rainey & Randall Investment Management Inc.’s portfolio, making the stock its 15th biggest position. Rainey & Randall Investment Management Inc.’s holdings in Invesco QQQ were worth $6,384,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Invesco QQQ by 113.5% during the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after acquiring an additional 48,423,350 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after acquiring an additional 43,463,232 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Morgan Stanley grew its stake in shares of Invesco QQQ by 10.0% during the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after acquiring an additional 1,533,114 shares in the last quarter. Finally, Imprint Wealth LLC grew its stake in shares of Invesco QQQ by 41,946.7% during the second quarter. Imprint Wealth LLC now owns 602,949 shares of the exchange traded fund’s stock valued at $60,295,000 after acquiring an additional 601,515 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 2.1 %

Shares of Invesco QQQ stock traded down $8.76 during trading hours on Friday, hitting $414.65. 75,230,990 shares of the company’s stock traded hands, compared to its average volume of 42,307,272. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34. The stock has a 50 day simple moving average of $437.60 and a 200-day simple moving average of $408.60.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.55%.

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.