Rye Brook Capital LLC Purchases Shares of 52,850 Invesco QQQ (NASDAQ:QQQ)

Rye Brook Capital LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,850 shares of the exchange traded fund’s stock, valued at approximately $21,643,000. Invesco QQQ makes up about 11.1% of Rye Brook Capital LLC’s holdings, making the stock its largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of QQQ. 180 Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 1.2% during the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after purchasing an additional 29 shares during the last quarter. Bank Hapoalim BM grew its holdings in shares of Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after purchasing an additional 4,549 shares during the last quarter. Goodwin Daniel L grew its holdings in shares of Invesco QQQ by 76.1% during the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after purchasing an additional 2,495 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares during the last quarter. Finally, VitalStone Financial LLC grew its holdings in shares of Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after purchasing an additional 16,079 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock traded down $7.21 during mid-day trading on Monday, hitting $431.06. 62,448,311 shares of the stock were exchanged, compared to its average volume of 45,426,551. The stock’s fifty day simple moving average is $438.24 and its two-hundred day simple moving average is $406.24. The stock has a market capitalization of $251.14 billion, a price-to-earnings ratio of 35.76 and a beta of 1.28. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

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.