SLT Holdings LLC Invests $1.25 Million in Invesco QQQ

SLT Holdings LLC has recently made a new investment in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter. According to the latest 13F filing with the Securities and Exchange Commission, SLT Holdings LLC acquired 2,449 shares of this exchange-traded fund (ETF), with a total value of about $1,253,000. As a result, Invesco QQQ now represents approximately 1.2% of SLT Holdings LLC's investment portfolio, ranking as its 20th largest position.

• Dow Jones: A Relevant Benchmark or a Relic of the Past?

Other institutional investors have also adjusted their stakes in Invesco QQQ. For instance, Proficio Capital Partners LLC dramatically increased its position by 51,292.3% in the fourth quarter, bringing its total ownership to 11,500,566 shares valued at $5,879,434,000 after adding 11,478,188 shares. Similarly, Toronto Dominion Bank raised its position by 13.0% in the third quarter, now holding 4,261,790 shares worth $2,080,052,000 after purchasing an extra 488,815 shares.

Strategic Financial Concepts LLC also enhanced its investment in Invesco QQQ during the fourth quarter by 47,853.9%. The firm now owns 4,113,968 shares valued at $2,103,184,000 following the acquisition of 4,105,389 additional shares. Meanwhile, PNC Financial Services Group Inc. increased its shares by 0.9%, amounting to 3,116,706 shares valued at $1,593,354,000 after acquiring 27,115 more shares. Finally, CHURCHILL MANAGEMENT Corp upgraded its holdings in the ETF by 0.8%, owning 1,840,025 shares worth $940,676,000 after adding another 13,772 shares. Collectively, hedge funds and institutional investors account for 44.58% of Invesco QQQ's stock.

Recent Trading Activity of Invesco QQQ

On Friday, Invesco QQQ shares opened at $491.79. Over the past year, the ETF has seen a low of $413.07 and a high of $540.81. It has a 50-day moving average of $518.84 and a 200-day moving average of $503.99. The ETF enjoys a market capitalization of $309.95 billion and has a price-to-earnings ratio of 33.43, with a beta of 1.11, indicating a relatively balanced level of volatility.

Invesco QQQ Announces Recently Declared Dividend

• Holiday Cheer or Market Fear: Navigating the Year-End Rally

Invesco QQQ has also recently declared a dividend, which was paid on December 31. Shareholders on record as of December 23 received a dividend of $0.8347, with the ex-dividend date being the same day.

Overview of Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that represents the Nasdaq-100 Index Tracking Stock. The investment objective of the Trust aims to reflect the price and yield performance of the Nasdaq-100 Index. Through this Trust, investors can purchase units representing proportional undivided interests in the portfolio of securities held by the Trust, which closely mirrors the component securities of the Nasdaq-100 Index.

Conclusion

With the increasing interest from institutional investors in Invesco QQQ, it’s evident that many believe in the potential growth and returns that this ETF can provide.

investment, ETF, Invesco