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

Climber Capital SA bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,671 shares of the exchange traded fund's stock, valued at approximately $853,000. Invesco QQQ comprises about 0.7% of Climber Capital SA's investment portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. lifted its holdings in 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 buying an additional 46 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Invesco QQQ during the third quarter worth $791,000. Ingalls & Snyder LLC raised its position in Invesco QQQ by 7.4% in the 3rd quarter. Ingalls & Snyder LLC now owns 3,161 shares of the exchange traded fund's stock valued at $1,543,000 after purchasing an additional 219 shares in the last quarter. Murchinson Ltd. purchased a new position in Invesco QQQ in the third quarter worth approximately $30,504,000. Finally, Polymer Capital Management HK LTD grew its stake in shares of Invesco QQQ by 23.3% during the third quarter. Polymer Capital Management HK LTD now owns 1,911 shares of the exchange traded fund's stock worth $933,000 after purchasing an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ stock traded down $27.99 during midday trading on Friday, reaching $422.67. 116,767,600 shares of the company were exchanged, compared to its average volume of 35,455,038. The company has a market cap of $267.89 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The stock's 50-day simple moving average is $501.45 and its 200 day simple moving average is $504.58.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors 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 Company 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.