Horizon Investments LLC Acquires 736 Shares of Invesco QQQ (NASDAQ:QQQ)

Horizon Investments LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 266.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,012 shares of the exchange traded fund’s stock after acquiring an additional 736 shares during the quarter. Horizon Investments LLC’s holdings in Invesco QQQ were worth $517,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP grew its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $51,000. Finally, BNP Paribas bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $62,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.3 %

Shares of QQQ opened at $479.26 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company has a 50 day moving average of $511.83 and a 200-day moving average of $503.82. The stock has a market capitalization of $302.05 billion, a P/E ratio of 30.74 and a beta of 1.11.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ 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.