Arrien Investments Inc. Takes $427,000 Position in Invesco QQQ (NASDAQ:QQQ)

Arrien Investments Inc. bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 817 shares of the exchange traded fund’s stock, valued at approximately $427,000. Invesco QQQ accounts for approximately 0.3% of Arrien Investments Inc.’s holdings, making the stock its 26th biggest position.

Several other hedge funds have also recently bought and sold shares of QQQ. PayPay Securities Corp boosted its holdings in shares of 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 in the last quarter. Roxbury Financial LLC bought a new position in Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth $51,000. Finally, Legacy Bridge LLC increased its stake in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 2.4 %

Shares of NASDAQ QQQ opened at $479.66 on Monday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The firm’s 50-day simple moving average is $514.89 and its 200 day simple moving average is $504.08. The company has a market cap of $302.59 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.