Maiden Cove Capital LLC Has $317,000 Position in Invesco QQQ (NASDAQ:QQQ)

Maiden Cove Capital LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 620 shares of the exchange traded fund’s stock after acquiring an additional 22 shares during the period. Maiden Cove Capital LLC’s holdings in Invesco QQQ were worth $317,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. PayPay Securities Corp boosted its holdings in Invesco QQQ by 276.9% in the fourth 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 acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $37,000. Hoese & Co LLP lifted its holdings 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 worth $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $51,000. Finally, Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 2.4 %

Invesco QQQ stock opened at $479.66 on Friday. The firm has a market capitalization of $302.31 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The firm’s fifty day moving average price is $514.89 and its two-hundred day moving average price is $503.66. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.