Hobart Private Capital LLC Acquires 432 Shares of Invesco QQQ (NASDAQ:QQQ)

Hobart Private Capital LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 63.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,109 shares of the exchange traded fund’s stock after buying an additional 432 shares during the quarter. Hobart Private Capital LLC’s holdings in Invesco QQQ were worth $567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hoese & Co LLP raised its position in shares of 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 acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas acquired a new stake in Invesco QQQ in the third quarter worth about $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ during the 4th quarter worth about $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ during the 4th quarter valued at about $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.3 %

Shares of NASDAQ QQQ opened at $522.92 on Friday. The firm’s 50-day moving average is $521.26 and its 200-day moving average is $495.57. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

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