Sykon Capital LLC Buys 10,602 Shares of Invesco QQQ (NASDAQ:QQQ)

Sykon Capital LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 82.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,516 shares of the exchange traded fund’s stock after purchasing an additional 10,602 shares during the quarter. Invesco QQQ comprises approximately 4.1% of Sykon Capital LLC’s holdings, making the stock its 7th biggest holding. Sykon Capital LLC’s holdings in Invesco QQQ were worth $12,022,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. PayPay Securities Corp increased 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 worth $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the 4th quarter worth $37,000. Hoese & Co LLP increased its stake in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the 4th quarter worth $51,000. Finally, BNP Paribas purchased a new stake in Invesco QQQ during the 3rd quarter worth $62,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $480.84 on Friday. The firm’s fifty day moving average price is $511.30 and its 200 day moving average price is $503.85. The company has a market capitalization of $303.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given 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.