Caprock Group LLC Invests $34.36 Million in Invesco QQQ (NASDAQ:QQQ)

Caprock Group LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 67,210 shares of the exchange traded fund's stock, valued at approximately $34,360,000. Invesco QQQ accounts for approximately 1.1% of Caprock Group LLC's holdings, making the stock its 17th biggest position.

Several other institutional investors have also bought and sold shares of the stock. TCI Wealth Advisors Inc. boosted its position in Invesco QQQ by 3.9% in the fourth quarter. TCI Wealth Advisors Inc. now owns 4,836 shares of the exchange traded fund's stock valued at $2,472,000 after buying an additional 180 shares in the last quarter. Alta Wealth Advisors LLC increased its holdings in shares of Invesco QQQ by 5.3% during the fourth quarter. Alta Wealth Advisors LLC now owns 6,561 shares of the exchange traded fund's stock worth $3,354,000 after buying an additional 328 shares in the last quarter. Coastwise Capital Group LLC raised its stake in shares of Invesco QQQ by 7.4% in the fourth quarter. Coastwise Capital Group LLC now owns 3,285 shares of the exchange traded fund's stock valued at $1,680,000 after acquiring an additional 227 shares during the last quarter. Intergy Private Wealth LLC boosted its holdings in shares of Invesco QQQ by 1.0% in the 4th quarter. Intergy Private Wealth LLC now owns 119,205 shares of the exchange traded fund's stock worth $60,941,000 after acquiring an additional 1,124 shares in the last quarter. Finally, Integris Wealth Management LLC grew its position in Invesco QQQ by 16.1% during the 4th quarter. Integris Wealth Management LLC now owns 569 shares of the exchange traded fund's stock worth $291,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.1 %

QQQ stock opened at $522.29 on Friday. The business has a fifty day moving average price of $519.22 and a 200 day moving average price of $493.95. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid 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.

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