Hobart Private Capital LLC Has $567,000 Position in Invesco QQQ (NASDAQ:QQQ)

Hobart Private Capital LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 63.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,109 shares of the exchange traded fund’s stock after purchasing an additional 432 shares during the period. Hobart Private Capital LLC’s holdings in Invesco QQQ were worth $567,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of QQQ. Hoese & Co LLP raised its stake in 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 buying an additional 20 shares during the period. Legacy Bridge LLC grew its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. BNP Paribas bought a new stake in shares of Invesco QQQ in the third quarter worth about $62,000. Brooklyn Investment Group acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $69,000. Finally, Pacifica Partners Inc. bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $73,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $522.92 on Friday. The business has a 50 day simple moving average of $521.26 and a 200 day simple moving average of $495.57. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders 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 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.