Postrock Partners LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Postrock Partners LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 431 shares of the exchange traded fund’s stock, valued at approximately $220,000.

A number of other large investors also recently modified their holdings of QQQ. PayPay Securities Corp boosted its holdings in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new position in Invesco QQQ in the fourth quarter worth about $37,000. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% in 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 period. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $51,000. Finally, Legacy Bridge LLC grew its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 1.8 %

NASDAQ QQQ opened at $468.34 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock’s fifty day moving average price is $515.67 and its 200-day moving average price is $503.63. The stock has a market cap of $295.17 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

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