Horizon Wealth Management LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,329 shares of the exchange traded fund's stock after purchasing an additional 5,988 shares during the period. Invesco QQQ accounts for approximately 10.2% of Horizon Wealth Management LLC's investment portfolio, making the stock its 2nd biggest position. Horizon Wealth Management LLC's holdings in Invesco QQQ were worth $60,645,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth about $1,018,000. Synergy Investment Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth about $723,000. Grant Private Wealth Management Inc bought a new position in shares of Invesco QQQ in the 4th quarter worth about $815,000. Tandem Investment Partners LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth about $4,623,000. Finally, Gemsstock Ltd. raised its position in shares of Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after acquiring an additional 213,400 shares in the last quarter. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Trading Up 1.0%
QQQ stock opened at $529.92 on Friday. The stock has a 50-day moving average price of $483.20 and a 200-day moving average price of $501.88. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The firm has a market cap of $332.07 billion, a PE ratio of 32.66 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
Invesco QQQ Company Profile
(
Free Report)
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.
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