Arcus Capital Partners LLC Acquires 3,641 Shares of Invesco QQQ (NASDAQ:QQQ)

Arcus Capital Partners LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 25.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,730 shares of the exchange traded fund’s stock after acquiring an additional 3,641 shares during the quarter. Invesco QQQ makes up about 3.4% of Arcus Capital Partners LLC’s holdings, making the stock its 7th biggest holding. Arcus Capital Partners LLC’s holdings in Invesco QQQ were worth $9,064,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. PayPay Securities Corp boosted its position in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth approximately $62,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.4 %

NASDAQ QQQ opened at $535.90 on Friday. The firm’s 50 day simple moving average is $521.86 and its 200 day simple moving average is $497.08. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors 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 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.