3,417 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Perbak Capital Partners LLP

Perbak Capital Partners LLP bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,417 shares of the exchange traded fund's stock, valued at approximately $1,747,000. Invesco QQQ makes up approximately 0.9% of Perbak Capital Partners LLP's holdings, making the stock its 24th largest holding.

Several other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC increased its holdings in Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after acquiring an additional 2,059 shares during the period. Principal Financial Group Inc. lifted its position in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after buying an additional 11,351 shares during the period. NRI Wealth Management LC bought a new stake in Invesco QQQ during the 4th quarter valued at about $28,729,000. Garden State Investment Advisory Services LLC boosted its holdings in shares of 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 valued at $15,169,000 after acquiring an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC lifted its stake in shares of Invesco QQQ by 16.8% in the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock worth $23,165,000 after purchasing an additional 6,518 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ stock opened at $472.41 on Tuesday. The business has a 50 day simple moving average of $473.06 and a two-hundred day simple moving average of $499.98. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The company has a market capitalization of $299.34 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.

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