Rappaport Reiches Capital Management LLC Sells 69 Shares of Invesco QQQ (NASDAQ:QQQ)

Rappaport Reiches Capital Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,644 shares of the exchange traded fund’s stock after selling 69 shares during the period. Invesco QQQ comprises 1.7% of Rappaport Reiches Capital Management LLC’s portfolio, making the stock its 12th biggest position. Rappaport Reiches Capital Management LLC’s holdings in Invesco QQQ were worth $6,464,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Northeast Investment Management boosted its position in shares of Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 20 shares in the last quarter. Planning Capital Management Corp boosted its position in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC boosted its position in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after acquiring an additional 20 shares in the last quarter. Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Finally, Skyline Advisors Inc. boosted its position in shares of Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

NASDAQ QQQ opened at $529.63 on Friday. The firm’s 50 day simple moving average is $517.20 and its 200 day simple moving average is $493.09. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.