Invesco QQQ (NASDAQ:QQQ) Shares Bought by Nemes Rush Group LLC

Nemes Rush Group LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 59.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,136 shares of the exchange traded fund’s stock after purchasing an additional 424 shares during the period. Nemes Rush Group LLC’s holdings in Invesco QQQ were worth $581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Roundview Capital LLC raised its holdings in shares of Invesco QQQ by 5.0% during the fourth quarter. Roundview Capital LLC now owns 54,916 shares of the exchange traded fund’s stock worth $28,075,000 after purchasing an additional 2,623 shares during the last quarter. Mosaic Financial Group LLC raised its stake in shares of Invesco QQQ by 1.0% during the 4th quarter. Mosaic Financial Group LLC now owns 3,790 shares of the exchange traded fund’s stock valued at $1,938,000 after buying an additional 36 shares during the last quarter. Riggs Capital Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $2,967,000. Cannell & Spears LLC lifted its holdings in shares of Invesco QQQ by 6.1% in the 4th quarter. Cannell & Spears LLC now owns 3,508 shares of the exchange traded fund’s stock valued at $1,793,000 after buying an additional 203 shares during the period. Finally, Summit Financial LLC boosted its stake in shares of Invesco QQQ by 11.0% in the fourth quarter. Summit Financial LLC now owns 37,607 shares of the exchange traded fund’s stock worth $19,226,000 after buying an additional 3,723 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $472.70 on Wednesday. The company has a 50 day moving average price of $506.34 and a 200-day moving average price of $505.30. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The firm has a market cap of $299.86 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco QQQ Company 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.