Invesco QQQ (NASDAQ:QQQ) Position Raised by Rye Brook Capital LLC

Rye Brook Capital LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 0.2% during the 4th quarter, Holdings Channel reports. The firm owned 20,550 shares of the exchange traded fund’s stock after purchasing an additional 50 shares during the quarter. Invesco QQQ makes up approximately 12.6% of Rye Brook Capital LLC’s investment portfolio, making the stock its 2nd largest position. Rye Brook Capital LLC’s holdings in Invesco QQQ were worth $10,506,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. increased its position in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares during the period. Socha Financial Group LLC boosted its stake in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after purchasing an additional 2,171 shares during the period. NRI Wealth Management LC acquired a new position in Invesco QQQ in the 4th quarter valued at about $28,729,000. Finally, Garden State Investment Advisory Services LLC grew its position in Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after buying an additional 3,581 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $539.37 on Wednesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.00. The stock has a 50 day simple moving average of $523.07 and a 200-day simple moving average of $499.53.

Invesco QQQ Announces Dividend

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

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.