Rappaport Reiches Capital Management LLC Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

Rappaport Reiches Capital Management LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 12,325 shares of the exchange traded fund’s stock after selling 319 shares during the quarter. Invesco QQQ comprises approximately 1.4% of Rappaport Reiches Capital Management LLC’s holdings, making the stock its 15th largest holding. Rappaport Reiches Capital Management LLC’s holdings in Invesco QQQ were worth $5,779,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Lighthouse Wealth Management Inc. grew its holdings in shares of Invesco QQQ by 0.9% during the 1st quarter. Lighthouse Wealth Management Inc. now owns 27,095 shares of the exchange traded fund’s stock worth $12,705,000 after purchasing an additional 247 shares during the period. Union Savings Bank grew its holdings in shares of Invesco QQQ by 6.9% during the 1st quarter. Union Savings Bank now owns 1,184 shares of the exchange traded fund’s stock worth $555,000 after purchasing an additional 76 shares during the period. Bernardo Wealth Planning LLC lifted its position in Invesco QQQ by 0.3% during the 1st quarter. Bernardo Wealth Planning LLC now owns 26,688 shares of the exchange traded fund’s stock worth $12,515,000 after acquiring an additional 80 shares in the last quarter. Woodmont Investment Counsel LLC lifted its position in Invesco QQQ by 1.6% during the 1st quarter. Woodmont Investment Counsel LLC now owns 7,119 shares of the exchange traded fund’s stock worth $3,338,000 after acquiring an additional 113 shares in the last quarter. Finally, CCG Wealth Management LLC lifted its position in Invesco QQQ by 10.7% during the 1st quarter. CCG Wealth Management LLC now owns 9,387 shares of the exchange traded fund’s stock worth $4,402,000 after acquiring an additional 906 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $526.83 on Friday. The stock’s 50 day moving average price is $500.57 and its 200 day moving average price is $503.28. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.