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

Horizon Investments LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 266.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,012 shares of the exchange traded fund’s stock after acquiring an additional 736 shares during the period. Horizon Investments LLC’s holdings in Invesco QQQ were worth $517,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PayPay Securities Corp lifted its holdings in Invesco QQQ by 276.9% during the 4th 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 4th quarter valued at $37,000. Hoese & Co LLP lifted its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $51,000. Finally, Creative Capital Management Investments LLC lifted its holdings in Invesco QQQ by 740.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 111 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $479.26 on Friday. The business has a fifty day simple moving average of $511.83 and a two-hundred day simple moving average of $503.82. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The company has a market capitalization of $302.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date 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.