Rollins Financial Acquires 19,785 Shares of Invesco QQQ (NASDAQ:QQQ)

Rollins Financial increased its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,590 shares of the exchange traded fund’s stock after acquiring an additional 19,785 shares during the period. Invesco QQQ makes up approximately 16.0% of Rollins Financial’s portfolio, making the stock its biggest holding. Rollins Financial’s holdings in Invesco QQQ were worth $76,822,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. 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 in the last quarter. Friedenthal Financial purchased a new stake in Invesco QQQ during the fourth quarter worth $41,000. Bear Mountain Capital Inc. purchased a new stake in Invesco QQQ during the fourth quarter worth $42,000. Core Wealth Advisors Inc. boosted its position in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares in the last quarter. Finally, Hexagon Capital Partners LLC purchased a new stake in Invesco QQQ during the fourth quarter worth $53,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $450.71 on Monday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $460.58. The stock’s fifty day simple moving average is $440.53 and its 200-day simple moving average is $425.05.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a $0.5735 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.51%.

Invesco QQQ Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.