SLT Holdings LLC Makes New $1.25 Million Investment in Invesco QQQ (NASDAQ:QQQ)

SLT Holdings LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,449 shares of the exchange traded fund's stock, valued at approximately $1,253,000. Invesco QQQ accounts for 1.2% of SLT Holdings LLC's investment portfolio, making the stock its 20th biggest position.Dow Jones: A Relevant Benchmark or a Relic of the Past?Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC boosted its position in shares of Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Toronto Dominion Bank boosted its position in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after purchasing an additional 488,815 shares during the period. Strategic Financial Concepts LLC boosted its position in shares of Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after purchasing an additional 27,115 shares during the period. Finally, CHURCHILL MANAGEMENT Corp lifted its position in Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund's stock worth $940,676,000 after acquiring an additional 13,772 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock. Invesco QQQ Trading Up 0.7 %Invesco QQQ stock opened at $491.79 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The stock has a 50 day moving average of $518.84 and a two-hundred day moving average of $503.99. The stock has a market capitalization of $309.95 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ Announces DividendHoliday Cheer or Market Fear: Navigating the Year-End RallyThe firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd. About Invesco QQQ (Free Report)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.Featured ArticlesFive stocks we like better than Invesco QQQUsing the MarketBeat Stock Split CalculatorInstitutional Investors Bet $1B on These 4 Stocks—Should You?What Investors Need to Know About Upcoming IPOsOne Must-Buy Stock and One to Avoid as Tariffs Shake the MarketThe Significance of a Trillion-Dollar Market Cap Goes Beyond a NumberThese 4 Tech ETFs Just Hit 50-Day Lows—Time to Buy?Palantir Stock Surges After Announcing Move to the NASDAQThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Invesco QQQ Right Now?Before you consider Invesco QQQ, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here