Invesco QQQ (NASDAQ:QQQ) Holdings Increased by Horizon Wealth Management LLC

Horizon Wealth Management LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 171.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,341 shares of the exchange traded fund’s stock after purchasing an additional 77,920 shares during the quarter. Invesco QQQ comprises 11.0% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Horizon Wealth Management LLC’s holdings in Invesco QQQ were worth $63,055,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in QQQ. Legacy Bridge LLC raised its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at $62,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares in the last quarter. Providence Capital Advisors LLC purchased a new stake in shares of Invesco QQQ during the 2nd quarter valued at $76,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at $91,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3 %

Shares of NASDAQ:QQQ opened at $505.56 on Tuesday. The company’s fifty day moving average is $515.32 and its 200 day moving average is $491.29. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15.

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 paid a $0.8347 dividend. 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.