Jackson Hole Capital Partners LLC Purchases 177 Shares of Invesco QQQ (NASDAQ:QQQ)

Jackson Hole Capital Partners LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,195 shares of the exchange traded fund’s stock after buying an additional 177 shares during the quarter. Invesco QQQ comprises approximately 1.3% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 16th largest position. Jackson Hole Capital Partners LLC’s holdings in Invesco QQQ were worth $4,994,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. GHP Investment Advisors Inc. boosted its holdings in Invesco QQQ by 9.4% in the third quarter. GHP Investment Advisors Inc. now owns 3,344 shares of the exchange traded fund’s stock worth $1,222,000 after purchasing an additional 287 shares during the last quarter. Culbertson A N & Co. Inc. boosted its holdings in Invesco QQQ by 13.6% in the third quarter. Culbertson A N & Co. Inc. now owns 926 shares of the exchange traded fund’s stock worth $332,000 after purchasing an additional 111 shares during the last quarter. RFG Holdings Inc. boosted its holdings in Invesco QQQ by 141.5% in the third quarter. RFG Holdings Inc. now owns 68,057 shares of the exchange traded fund’s stock worth $24,383,000 after purchasing an additional 39,881 shares during the last quarter. Galvin Gaustad & Stein LLC boosted its holdings in Invesco QQQ by 45.3% in the third quarter. Galvin Gaustad & Stein LLC now owns 805 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 251 shares during the last quarter. Finally, Sparta 24 Ltd. boosted its holdings in Invesco QQQ by 145.8% in the third quarter. Sparta 24 Ltd. now owns 33,740 shares of the exchange traded fund’s stock worth $12,088,000 after purchasing an additional 20,016 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.5 %

QQQ stock traded down $2.06 on Thursday, hitting $424.45. The company had a trading volume of 55,724,294 shares, compared to its average volume of 46,182,387. Invesco QQQ has a 12-month low of $311.34 and a 12-month high of $449.34. The stock’s 50-day simple moving average is $436.87 and its 200 day simple moving average is $409.67.

Invesco QQQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.54%. The ex-dividend date is Monday, March 18th.

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.