Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Oribel Capital Management LP

Oribel Capital Management LP raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,700 shares of the exchange traded fund's stock after acquiring an additional 700 shares during the period. Oribel Capital Management LP's holdings in Invesco QQQ were worth $2,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stephens Consulting LLC raised its stake in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after acquiring an additional 19 shares during the period. Cardinal Point Capital Management ULC increased its holdings in Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock valued at $1,995,000 after purchasing an additional 20 shares in the last quarter. Hoese & Co LLP raised its position in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after purchasing an additional 20 shares during the period. Farmers & Merchants Investments Inc. lifted its stake in shares of Invesco QQQ by 1.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after purchasing an additional 20 shares in the last quarter. Finally, RAM Investment Partners LLC boosted its position in shares of Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after buying an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded down $22.31 during midday trading on Thursday, hitting $443.69. 69,613,215 shares of the company were exchanged, compared to its average volume of 36,802,039. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The company's fifty day moving average price is $493.17 and its 200-day moving average price is $502.94. The company has a market cap of $281.21 billion, a PE ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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