Jackson Hole Capital Partners LLC Has $4.99 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Jackson Hole Capital Partners LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,195 shares of the exchange traded fund’s stock after purchasing an additional 177 shares during the period. Invesco QQQ makes up approximately 1.3% of Jackson Hole Capital Partners LLC’s portfolio, making the stock its 16th biggest holding. Jackson Hole Capital Partners LLC’s holdings in Invesco QQQ were worth $4,994,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Red Tortoise LLC boosted its stake in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $41,000. Bear Mountain Capital Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $42,000. Core Wealth Advisors Inc. boosted its stake in shares of Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. boosted its stake in shares of Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $2.06 during midday trading on Thursday, reaching $424.45. The company’s stock 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 firm has a 50 day moving average price of $436.87 and a 200-day moving average price of $409.67.

Invesco QQQ Dividend Announcement

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

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.