Sage Rhino Capital LLC Increases Holdings in Invesco QQQ (NASDAQ:QQQ)

Sage Rhino Capital LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 3,165.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,595 shares of the exchange traded fund’s stock after purchasing an additional 14,148 shares during the period. Invesco QQQ comprises approximately 1.6% of Sage Rhino Capital LLC’s investment portfolio, making the stock its 16th largest position. Sage Rhino Capital LLC’s holdings in Invesco QQQ were worth $7,461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. SOA Wealth Advisors LLC. boosted 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 valued at $8,477,000 after acquiring an additional 46 shares during the period. Pettinga Financial Advisors LLC lifted its position in Invesco QQQ by 13.6% in the third 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. Brooklyn FI LLC lifted its position in Invesco QQQ by 4.8% in the third quarter. Brooklyn FI LLC now owns 701 shares of the exchange traded fund’s stock valued at $342,000 after purchasing an additional 32 shares during the last quarter. Optas LLC purchased a new stake in shares of Invesco QQQ during the third quarter valued at approximately $325,000. Finally, Private Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 5.7% in the third quarter. Private Wealth Partners LLC now owns 36,725 shares of the exchange traded fund’s stock worth $17,924,000 after purchasing an additional 1,977 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.6 %

Shares of NASDAQ QQQ opened at $508.30 on Monday. The firm’s fifty day moving average is $522.05 and its 200 day moving average is $503.57. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The company has a market cap of $320.36 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date 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.