QRG Capital Management Inc. Buys 581 Shares of Invesco QQQ (NASDAQ:QQQ)

QRG Capital Management Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,150 shares of the exchange traded fund’s stock after acquiring an additional 581 shares during the quarter. QRG Capital Management Inc.’s holdings in Invesco QQQ were worth $3,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its stake in Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC grew its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after buying an additional 4,105,389 shares during the period. CHURCHILL MANAGEMENT Corp increased its stake in shares of Invesco QQQ by 0.8% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after acquiring an additional 13,772 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Invesco QQQ by 0.3% in the 3rd quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock valued at $425,324,000 after acquiring an additional 2,572 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.6 %

NASDAQ:QQQ opened at $508.30 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a market capitalization of $320.36 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The firm has a fifty day simple moving average of $522.05 and a two-hundred day simple moving average of $503.28.

Invesco QQQ Dividend Announcement

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