Horizon Investments LLC Sells 84 Shares of Invesco QQQ $QQQ

Horizon Investments LLC lessened its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 8.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 928 shares of the exchange traded fund’s stock after selling 84 shares during the period. Horizon Investments LLC’s holdings in Invesco QQQ were worth $435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilkins Miller Wealth Management LLC bought a new stake in Invesco QQQ during the fourth quarter valued at approximately $1,018,000. Sentinus LLC grew its position in shares of Invesco QQQ by 17.6% during the 4th quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund’s stock valued at $3,307,000 after acquiring an additional 970 shares during the period. Sendero Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the 1st quarter worth $273,000. Cary Street Partners Financial LLC bought a new position in Invesco QQQ in the 4th quarter worth $10,052,000. Finally, Baird Financial Group Inc. lifted its position in Invesco QQQ by 4.0% during the fourth quarter. Baird Financial Group Inc. now owns 327,433 shares of the exchange traded fund’s stock valued at $167,394,000 after purchasing an additional 12,627 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $577.34 on Monday. The stock has a 50-day simple moving average of $554.13 and a two-hundred day simple moving average of $514.06. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

About Invesco QQQ

(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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