Horan Capital Advisors LLC. Has $267,000 Position in Invesco QQQ (NASDAQ:QQQ)

Horan Capital Advisors LLC. reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 17.6% during the 4th quarter, HoldingsChannel reports. The firm owned 523 shares of the exchange traded fund’s stock after selling 112 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Invesco QQQ were worth $267,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. PayPay Securities Corp grew its position in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the fourth quarter worth about $37,000. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the fourth quarter worth about $51,000. Finally, Legacy Bridge LLC grew its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 2.2 %

QQQ stock opened at $497.05 on Tuesday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company has a market cap of $313.27 billion, a PE ratio of 33.43 and a beta of 1.11. The business’s 50-day simple moving average is $521.53 and its 200 day simple moving average is $503.73.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given 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.