Visionary Horizons LLC Has $4.98 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Visionary Horizons LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 7.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,212 shares of the exchange traded fund’s stock after acquiring an additional 751 shares during the period. Invesco QQQ comprises about 3.3% of Visionary Horizons LLC’s investment portfolio, making the stock its 7th largest position. Visionary Horizons LLC’s holdings in Invesco QQQ were worth $4,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the 1st quarter worth approximately $28,000. Mechanics Financial Corp bought a new position in Invesco QQQ in the 2nd quarter valued at $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ in the first quarter worth $40,000. CGC Financial Services LLC grew its holdings in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.7 %

Invesco QQQ stock opened at $487.43 on Friday. The stock has a 50-day simple moving average of $481.80 and a 200 day simple moving average of $468.54. Invesco QQQ has a 12-month low of $360.30 and a 12-month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, September 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.