Hickory Asset Management Inc. Takes Position in Invesco QQQ (NASDAQ:QQQ)

Hickory Asset Management Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,048 shares of the exchange traded fund’s stock, valued at approximately $6,670,000. Invesco QQQ comprises approximately 5.7% of Hickory Asset Management Inc.’s investment portfolio, making the stock its 2nd largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% in 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. Hoese & Co LLP grew its stake in shares of Invesco QQQ by 32.3% in 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. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares in the last quarter. BNP Paribas bought a new position in shares of Invesco QQQ in the third quarter valued at $62,000. Finally, Brooklyn Investment Group bought a new position in shares of Invesco QQQ in the fourth quarter valued at $69,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $538.15 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The firm has a fifty day simple moving average of $522.14 and a 200 day simple moving average of $497.35.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.