EMC Capital Management Has $20.93 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

EMC Capital Management lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 86.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,946 shares of the exchange traded fund's stock after buying an additional 19,033 shares during the period. Invesco QQQ comprises 11.8% of EMC Capital Management's holdings, making the stock its 2nd largest holding. EMC Capital Management's holdings in Invesco QQQ were worth $20,933,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. 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 acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC grew its holdings 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 during the last quarter. BNP Paribas purchased a new stake in Invesco QQQ in the 3rd quarter worth about $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ in the fourth quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund's stock valued at $71,000 after buying an additional 63 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.1 %

Shares of QQQ traded down $0.76 during mid-day trading on Friday, reaching $522.29. 38,747,058 shares of the company's stock traded hands, compared to its average volume of 30,541,316. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The stock's 50-day moving average is $519.55 and its two-hundred day moving average is $494.13.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders 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.