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

EMC Capital Management grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 86.9% in the fourth quarter, according to its most recent disclosure with the SEC. 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 makes up 11.8% of EMC Capital Management’s investment portfolio, making the stock its 2nd biggest holding. EMC Capital Management’s holdings in Invesco QQQ were worth $20,933,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in QQQ. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC raised its stake in shares of Invesco QQQ by 60.0% in the third 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 in the last quarter. BNP Paribas bought a new position in Invesco QQQ in the third quarter worth $62,000. Brooklyn Investment Group acquired a new stake in Invesco QQQ during the fourth quarter worth $69,000. Finally, Pacifica Partners Inc. bought a new stake in Invesco QQQ in the 4th quarter valued at $73,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

NASDAQ:QQQ opened at $523.05 on Friday. The company has a 50-day moving average of $518.86 and a 200-day moving average of $493.75. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Dividend Announcement

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