Blue Rock Wealth Management LLC Takes $3.37 Million Position in Invesco QQQ (NASDAQ:QQQ)

Blue Rock Wealth Management LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,584 shares of the exchange traded fund's stock, valued at approximately $3,366,000. Invesco QQQ accounts for approximately 3.5% of Blue Rock Wealth Management LLC's investment portfolio, making the stock its 9th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. GAMMA Investing LLC increased its holdings in shares of Invesco QQQ by 159.6% in 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. grew its position in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. NRI Wealth Management LC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $28,729,000. Garden State Investment Advisory Services LLC raised its holdings in shares of Invesco QQQ by 13.1% during the third 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 buying an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC boosted its position in shares of Invesco QQQ by 16.8% during the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock worth $23,165,000 after buying an additional 6,518 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock traded up $7.15 on Friday, reaching $488.83. The company's stock had a trading volume of 39,139,209 shares, compared to its average volume of 36,439,662. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The company has a market capitalization of $306.33 billion, a P/E ratio of 28.58 and a beta of 1.11. The firm has a fifty day moving average of $469.56 and a two-hundred day moving average of $499.52.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was 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.