Mountain Hill Investment Partners Corp. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Mountain Hill Investment Partners Corp. purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 546 shares of the exchange traded fund's stock, valued at approximately $279,000. Invesco QQQ makes up 0.3% of Mountain Hill Investment Partners Corp.'s investment portfolio, making the stock its 29th largest holding.

A number of other hedge funds also recently bought and sold shares of the business. SOA Wealth Advisors LLC. boosted its holdings in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock worth $8,477,000 after purchasing an additional 46 shares during the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Invesco QQQ by 16.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 1,081 shares of the exchange traded fund's stock worth $528,000 after acquiring an additional 155 shares during the last quarter. Nicolet Advisory Services LLC raised its holdings in shares of Invesco QQQ by 9.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,200 shares of the exchange traded fund's stock worth $578,000 after acquiring an additional 106 shares during the period. Towercrest Capital Management raised its holdings in shares of Invesco QQQ by 30.2% during the 3rd quarter. Towercrest Capital Management now owns 2,562 shares of the exchange traded fund's stock worth $1,250,000 after acquiring an additional 595 shares during the period. Finally, Lane & Associates LLC boosted its position in shares of Invesco QQQ by 2.2% during the 3rd quarter. Lane & Associates LLC now owns 2,016 shares of the exchange traded fund's stock valued at $984,000 after acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.6 %

QQQ stock traded down $2.76 during midday trading on Thursday, hitting $481.62. 33,317,909 shares of the company's stock were exchanged, compared to its average volume of 34,861,340. The stock has a market capitalization of $303.54 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The business has a 50-day simple moving average of $510.12 and a two-hundred day simple moving average of $504.83.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.