Bay Rivers Group Raises Stock Position in Invesco QQQ (NASDAQ:QQQ)

Bay Rivers Group grew its stake in Invesco QQQ (NASDAQ:QQQ) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,214 shares of the exchange traded fund’s stock after acquiring an additional 32 shares during the period. Invesco QQQ accounts for approximately 3.0% of Bay Rivers Group’s holdings, making the stock its 6th largest position. Bay Rivers Group’s holdings in Invesco QQQ were worth $6,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. AQR Capital Management LLC increased its position in Invesco QQQ by 332.0% during the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock worth $5,769,000 after buying an additional 9,254 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Invesco QQQ by 28.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock worth $33,772,000 after acquiring an additional 15,648 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in Invesco QQQ in the 2nd quarter valued at $209,000. Magnolia Capital Advisors LLC acquired a new stake in Invesco QQQ during the 2nd quarter valued at $368,000. Finally, Second Line Capital LLC boosted its position in Invesco QQQ by 99.2% during the second quarter. Second Line Capital LLC now owns 1,894 shares of the exchange traded fund’s stock worth $908,000 after purchasing an additional 943 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 3.0 %

NASDAQ:QQQ opened at $513.93 on Tuesday. The firm’s fifty day moving average price is $517.86 and its two-hundred day moving average price is $493.21. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.