RHS Financial LLC Has $980,000 Stake in Invesco QQQ (NASDAQ:QQQ)

RHS Financial LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 6.0% in the first quarter, HoldingsChannel.com reports. The fund owned 2,208 shares of the exchange traded fund’s stock after acquiring an additional 125 shares during the period. RHS Financial LLC’s holdings in Invesco QQQ were worth $980,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of QQQ. Deane Retirement Strategies Inc. acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $29,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. Red Tortoise LLC boosted its position in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Robinson Capital Management LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth about $40,000. Finally, Friedenthal Financial acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $41,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.6 %

QQQ stock opened at $481.92 on Tuesday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $487.20. The business’s fifty day moving average price is $454.85 and its two-hundred day moving average price is $436.77.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

About Invesco QQQ

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.