15,853 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Runnymede Capital Advisors Inc.

Runnymede Capital Advisors Inc. acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 15,853 shares of the exchange traded fund’s stock, valued at approximately $8,104,000. Invesco QQQ accounts for approximately 7.1% of Runnymede Capital Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. lifted its position in Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after acquiring an additional 11,351 shares during the last quarter. NRI Wealth Management LC acquired a new position in Invesco QQQ during the 4th quarter worth $28,729,000. Garden State Investment Advisory Services LLC lifted its position in Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after acquiring an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC lifted its position in Invesco QQQ by 16.8% during the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock worth $23,165,000 after acquiring an additional 6,518 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $480.84 on Friday. The firm has a market cap of $303.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The firm has a fifty day moving average price of $511.30 and a two-hundred day moving average price of $503.85.

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 given 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.