Requisite Capital Management LLC Invests $6.60 Million in Invesco QQQ $QQQ

Requisite Capital Management LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, Holdings Channel.com reports. The firm acquired 10,735 shares of the exchange traded fund’s stock, valued at approximately $6,595,000. Invesco QQQ comprises 1.3% of Requisite Capital Management LLC’s portfolio, making the stock its 12th biggest position.

Other large investors also recently modified their holdings of the company. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ in the third quarter valued at approximately $25,000. Shcp LLC bought a new position in shares of Invesco QQQ in the third quarter valued at approximately $27,000. Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of Invesco QQQ in the third quarter valued at approximately $40,000. Finally, Morgan Dempsey Capital Management LLC boosted its position in shares of Invesco QQQ by 45.5% in the third quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 25 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

QQQ stock opened at $708.93 on Monday. The firm has a 50 day moving average of $628.38 and a 200-day moving average of $620.21. Invesco QQQ has a 12 month low of $505.58 and a 12 month high of $722.03.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Invesco QQQ 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.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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