Riverstone Advisors LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Riverstone Advisors LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,400 shares of the exchange traded fund’s stock, valued at approximately $2,621,000. Invesco QQQ comprises about 1.7% of Riverstone Advisors LLC’s investment portfolio, making the stock its 15th largest holding.

Other large investors also recently bought and sold shares of the company. Friedenthal Financial acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $41,000. Bear Mountain Capital Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $42,000. Core Wealth Advisors Inc. lifted its stake in shares of Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at $44,000. Finally, Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $0.11 on Tuesday, hitting $431.17. The company had a trading volume of 29,320,226 shares, compared to its average volume of 45,143,332. The company’s fifty day moving average price is $438.29 and its 200-day moving average price is $406.76. Invesco QQQ has a 12-month low of $309.89 and a 12-month high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.53%. The ex-dividend date is Monday, March 18th.

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.