393 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 393 shares of the exchange traded fund’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PayPay Securities Corp lifted its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP lifted its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, BNP Paribas acquired a new position in Invesco QQQ during the third quarter valued at approximately $62,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.3 %

Shares of QQQ stock opened at $480.84 on Monday. The stock has a market cap of $303.05 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The firm’s 50 day moving average price is $511.30 and its two-hundred day moving average price is $504.45.

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.