Climber Capital SA Takes $853,000 Position in Invesco QQQ (NASDAQ:QQQ)

Climber Capital SA acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,671 shares of the exchange traded fund's stock, valued at approximately $853,000. Invesco QQQ comprises 0.7% of Climber Capital SA's holdings, making the stock its 28th largest position.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. GAMMA Investing LLC increased its holdings in Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock valued at $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after purchasing an additional 11,351 shares in the last quarter. NRI Wealth Management LC acquired a new position in Invesco QQQ in the 4th quarter worth about $28,729,000. Garden State Investment Advisory Services LLC boosted its position in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock worth $15,169,000 after purchasing an additional 3,581 shares in the last quarter. Finally, Silverleafe Capital Partners LLC grew its holdings in Invesco QQQ by 16.8% in the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock valued at $23,165,000 after purchasing an additional 6,518 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

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Invesco QQQ Stock Down 5.4 %

Shares of QQQ stock traded down $25.49 during trading hours on Thursday, hitting $450.66. 69,925,799 shares of the company's stock were exchanged, compared to its average volume of 35,294,091. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The firm has a market cap of $285.88 billion, a P/E ratio of 30.05 and a beta of 1.18. The firm has a 50 day moving average of $503.59 and a two-hundred day moving average of $504.72.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

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.