Rogco LP Significantly Expands Investment in Invesco QQQ

Rogco LP has drastically enhanced its investment in the Invesco QQQ (NASDAQ:QQQ - Free Report) through a remarkable increase of 1,840.6% during the fourth quarter. According to a recent filing with the Securities and Exchange Commission, the firm now holds 621 shares of this exchange-traded fund, having added 589 shares in the recent quarter.

At the close of this quarter, Rogco LP's holdings in Invesco QQQ were valued at approximately $317,000.

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Other hedge funds and institutional investors have also been actively trading shares of Invesco QQQ. For instance, International Assets Investment Management LLC made a substantial move by increasing its stake in the ETF by an astounding 46,491.6% in the third quarter. After acquiring an additional 32,516,210 shares, its total ownership now stands at about 32,586,150 shares, estimated to be worth around $15.9 billion.

Toronto Dominion Bank also ramped up its investment by 13.0%, augmenting its holdings by purchasing an extra 488,815 shares, bringing its total to 4,261,790 shares valued at approximately $2.08 billion.

Further, Strategic Financial Concepts LLC lifted its position by an impressive 47,853.9% in the fourth quarter, acquiring an additional 4,105,389 shares, thereby owning a total of 4,113,968 shares worth around $2.1 billion.

CHURCHILL MANAGEMENT Corp expanded its holdings by 0.8%, now owning 1,840,025 shares valued at about $940.68 million, after recently purchasing 13,772 shares. Meanwhile, Stifel Financial Corp increased its stake by 0.3%, now holding 871,333 shares worth around $425.32 million.

In total, institutional and hedge fund investors collectively own about 44.58% of Invesco QQQ's stocks.

Invesco QQQ Market Performance

As of Monday, NASDAQ:QQQ opened at $538.15. The fund exhibits a 50-day moving average of $522.38 and a 200-day moving average of $498.14. Over the past year, Invesco QQQ has seen a low of $413.07 and a high of $539.15.

Dividend Declaration by Invesco QQQ

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Invesco QQQ has also announced a dividend recently, which was distributed on December 31st. Shareholders who were on record as of December 23rd received a dividend of $0.8347. The ex-dividend date was likewise December 23rd.

Overview of Invesco QQQ

The PowerShares QQQ Trust, Series 1 is a unique investment vehicle that provides tracking of the Nasdaq-100 Index through its securities known as Nasdaq-100 Index Tracking Stock. The main investment goal of the Trust is to deliver results that closely align with the price and yield performance of the Nasdaq-100 Index. This allows investors to obtain units of beneficial interest in the Trust, providing them insights proportional to the securities contained within the Trust's portfolio, which comprises most of the component securities of the Nasdaq-100 Index in similar weighting.

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