MRP Capital Investments LLC Buys 194 Shares of Invesco QQQ (NASDAQ:QQQ)

MRP Capital Investments LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2,155.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203 shares of the exchange traded fund’s stock after buying an additional 194 shares during the quarter. MRP Capital Investments LLC’s holdings in Invesco QQQ were worth $104,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. PayPay Securities Corp lifted its holdings in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $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 last quarter. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the 4th quarter worth about $51,000. Finally, BNP Paribas purchased a new stake in Invesco QQQ during the 3rd quarter worth about $62,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $479.26 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company has a market cap of $302.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The stock’s 50-day moving average is $511.83 and its two-hundred day moving average is $503.82.

Invesco QQQ Announces Dividend

The firm also recently declared 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 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.