Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Sykon Capital LLC

Sykon Capital LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 82.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,516 shares of the exchange traded fund’s stock after buying an additional 10,602 shares during the period. Invesco QQQ makes up approximately 4.1% of Sykon Capital LLC’s holdings, making the stock its 7th largest holding. Sykon Capital LLC’s holdings in Invesco QQQ were worth $12,022,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. increased its stake in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares in the last quarter. King Luther Capital Management Corp increased its stake in shares of Invesco QQQ by 9.1% during the 3rd quarter. King Luther Capital Management Corp now owns 9,138 shares of the exchange traded fund’s stock worth $4,460,000 after purchasing an additional 766 shares in the last quarter. L & S Advisors Inc increased its stake in shares of Invesco QQQ by 1.8% during the 3rd quarter. L & S Advisors Inc now owns 2,191 shares of the exchange traded fund’s stock worth $1,069,000 after purchasing an additional 38 shares in the last quarter. Darden Wealth Group Inc increased its stake in shares of Invesco QQQ by 2.0% during the 3rd quarter. Darden Wealth Group Inc now owns 2,139 shares of the exchange traded fund’s stock worth $1,044,000 after purchasing an additional 41 shares in the last quarter. Finally, Valence8 US LP boosted its position in Invesco QQQ by 14.9% during the third quarter. Valence8 US LP now owns 88,149 shares of the exchange traded fund’s stock worth $43,023,000 after acquiring an additional 11,438 shares during 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 $480.84 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm’s 50 day moving average price is $511.30 and its 200 day moving average price is $503.85. The firm has a market cap of $303.05 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. 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.