Jackson Hole Capital Partners LLC Has $6.46 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Jackson Hole Capital Partners LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,639 shares of the exchange traded fund’s stock after selling 61 shares during the quarter. Invesco QQQ comprises approximately 1.3% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 16th biggest position. Jackson Hole Capital Partners LLC’s holdings in Invesco QQQ were worth $6,461,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. PayPay Securities Corp lifted its holdings in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at $51,000. Finally, Legacy Bridge LLC increased its stake in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $491.79 on Friday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The stock has a market capitalization of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11. The stock has a fifty day moving average of $518.84 and a 200-day moving average of $503.99.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

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.