PBCay One RSC Ltd Buys Shares of 353,000 Invesco QQQ (NASDAQ:QQQ)

PBCay One RSC Ltd bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 353,000 shares of the exchange traded fund’s stock, valued at approximately $144,561,000. Invesco QQQ makes up approximately 31.6% of PBCay One RSC Ltd’s holdings, making the stock its 2nd largest holding. PBCay One RSC Ltd owned approximately 0.06% of Invesco QQQ at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Summit X LLC raised its holdings in shares of Invesco QQQ by 0.4% during the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after acquiring an additional 24 shares during the period. IMA Wealth Inc. increased its stake in Invesco QQQ by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after buying an additional 25 shares during the period. S.A. Mason LLC increased its stake in Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after buying an additional 25 shares during the period. Lauterbach Financial Advisors LLC increased its stake in Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after buying an additional 25 shares during the period. Finally, Cedrus LLC increased its stake in Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after buying an additional 25 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.5 %

Invesco QQQ stock opened at $479.19 on Monday. The firm’s 50 day moving average price is $445.24 and its two-hundred day moving average price is $430.47. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $479.26.

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.