Invesco QQQ (NASDAQ:QQQ) Stake Lifted by Black Swift Group LLC

Black Swift Group LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 261.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,049 shares of the exchange traded fund’s stock after acquiring an additional 13,049 shares during the quarter. Invesco QQQ comprises about 2.0% of Black Swift Group LLC’s investment portfolio, making the stock its 9th biggest holding. Black Swift Group LLC’s holdings in Invesco QQQ were worth $9,227,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. PayPay Securities Corp raised its stake in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the fourth quarter valued at $37,000. Hoese & Co LLP increased 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 valued at $42,000 after purchasing an additional 20 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at about $51,000. Finally, Legacy Bridge LLC increased its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.3 %

Shares of QQQ stock opened at $502.01 on Thursday. The stock has a market cap of $316.39 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The company has a 50 day simple moving average of $520.28 and a two-hundred day simple moving average of $503.86.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.