Curi RMB Capital LLC Has $1.16 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Curi RMB Capital LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.5% during the 3rd quarter, Holdings Channel reports. The fund owned 2,375 shares of the exchange traded fund’s stock after selling 166 shares during the quarter. Curi RMB Capital LLC’s holdings in Invesco QQQ were worth $1,159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. International Assets Investment Management LLC raised its stake in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco QQQ by 7.3% during the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after purchasing an additional 338,494 shares during the period. Steel Grove Capital Advisors LLC boosted its holdings in shares of Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after buying an additional 3,102,568 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco QQQ by 1.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after buying an additional 33,790 shares during the period. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after buying an additional 2,762,571 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 2.4 %

Invesco QQQ stock opened at $496.57 on Friday. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58. The company has a 50 day moving average of $488.38 and a 200-day moving average of $473.67.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, September 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.