Postrock Partners LLC Purchases Shares of 431 Invesco QQQ (NASDAQ:QQQ)

Postrock Partners LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 431 shares of the exchange traded fund’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. raised its stake in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after buying an additional 46 shares during the last quarter. Pettinga Financial Advisors LLC raised its stake in Invesco QQQ by 13.6% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after purchasing an additional 1,854 shares during the last quarter. Pinnacle Financial Partners Inc raised its position in shares of Invesco QQQ by 3.9% in the third quarter. Pinnacle Financial Partners Inc now owns 20,056 shares of the exchange traded fund’s stock valued at $9,789,000 after buying an additional 748 shares during the last quarter. Axim Planning & Wealth purchased a new position in Invesco QQQ in the 3rd quarter worth approximately $250,000. Finally, Fortis Capital Management LLC grew its position in shares of Invesco QQQ by 10.9% in the third quarter. Fortis Capital Management LLC now owns 6,111 shares of the exchange traded fund’s stock valued at $2,983,000 after purchasing an additional 602 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $468.34 on Friday. The business’s 50 day moving average price is $515.67 and its 200 day moving average price is $503.63. The company has a market cap of $295.17 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.