Rik Saylor Financial Inc. Takes $6.75 Million Position in Invesco QQQ (NASDAQ:QQQ)

Rik Saylor Financial Inc. purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,201 shares of the exchange traded fund’s stock, valued at approximately $6,749,000. Invesco QQQ comprises 6.2% of Rik Saylor Financial Inc.’s investment portfolio, making the stock its largest position.

Several other large investors also recently bought and sold shares of the business. Hoese & Co LLP boosted its stake in shares of Invesco QQQ by 32.3% during the fourth 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 during the period. Legacy Bridge LLC raised its holdings 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 acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ in the third quarter valued at about $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ in the fourth quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its holdings in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5 %

Shares of Invesco QQQ stock opened at $526.85 on Thursday. The company has a 50-day simple moving average of $520.51 and a two-hundred day simple moving average of $495.05. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

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

About Invesco QQQ

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.