Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Rye Brook Capital LLC

Rye Brook Capital LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 98.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,780 shares of the exchange traded fund's stock after buying an additional 20,230 shares during the period. Invesco QQQ accounts for about 24.0% of Rye Brook Capital LLC's investment portfolio, making the stock its biggest holding. Rye Brook Capital LLC's holdings in Invesco QQQ were worth $19,123,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of QQQ. PayPay Securities Corp raised its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth about $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 1.3%

QQQ traded down $6.70 during midday trading on Friday, hitting $526.96. 55,743,632 shares of the company were exchanged, compared to its average volume of 38,429,078. The company's 50 day simple moving average is $492.58 and its 200 day simple moving average is $502.75. The firm has a market capitalization of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was 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.