Scientech Research LLC Acquires New Position in Invesco QQQ (NASDAQ:QQQ)

Scientech Research LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,289 shares of the exchange traded fund’s stock, valued at approximately $1,681,000. Invesco QQQ accounts for approximately 0.5% of Scientech Research LLC’s portfolio, making the stock its 17th biggest position.

A number of other hedge funds also recently made changes to their positions in the stock. Scissortail Wealth Management LLC lifted its holdings in Invesco QQQ by 2,185.5% in the 4th quarter. Scissortail Wealth Management LLC now owns 18,741 shares of the exchange traded fund’s stock worth $9,581,000 after purchasing an additional 17,921 shares in the last quarter. Sentinus LLC lifted its holdings in Invesco QQQ by 17.6% in the 4th quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund’s stock worth $3,307,000 after purchasing an additional 970 shares in the last quarter. Security National Bank of SO Dak purchased a new position in Invesco QQQ in the 4th quarter worth approximately $586,000. Redwood Investment Management LLC lifted its holdings in Invesco QQQ by 74.8% in the 4th quarter. Redwood Investment Management LLC now owns 6,977 shares of the exchange traded fund’s stock worth $3,567,000 after purchasing an additional 2,986 shares in the last quarter. Finally, Roberts Capital Advisors LLC lifted its holdings in Invesco QQQ by 66.7% in the 4th quarter. Roberts Capital Advisors LLC now owns 1,075 shares of the exchange traded fund’s stock worth $550,000 after purchasing an additional 430 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.4%

NASDAQ QQQ opened at $521.51 on Friday. The stock’s 50 day moving average is $470.91 and its 200 day moving average is $500.01. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The stock has a market cap of $326.80 billion, a PE ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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