Owen LaRue LLC Buys 417 Shares of Invesco QQQ (NASDAQ:QQQ)

Owen LaRue LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,947 shares of the exchange traded fund’s stock after purchasing an additional 417 shares during the period. Invesco QQQ makes up 5.3% of Owen LaRue LLC’s portfolio, making the stock its 4th biggest position. Owen LaRue LLC’s holdings in Invesco QQQ were worth $10,198,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. PayPay Securities Corp increased its holdings in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ in the fourth quarter valued at $37,000. Finally, Hoese & Co LLP boosted its stake in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $472.41 on Tuesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The company’s fifty day moving average is $473.06 and its 200-day moving average is $499.98. The company has a market capitalization of $299.34 billion, a PE ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.