Invesco QQQ (NASDAQ:QQQ) is Littlejohn Financial Services Inc.'s 3rd Largest Position

Littlejohn Financial Services Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 40.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 14,422 shares of the exchange traded fund's stock after acquiring an additional 4,117 shares during the quarter. Invesco QQQ comprises about 5.3% of Littlejohn Financial Services Inc.'s portfolio, making the stock its 3rd largest position. Littlejohn Financial Services Inc.'s holdings in Invesco QQQ were worth $6,763,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in QQQ. PayPay Securities Corp lifted its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares during the period. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $5.13 during midday trading on Friday, hitting $529.92. 42,389,151 shares of the company were exchanged, compared to its average volume of 38,011,687. The business has a fifty day simple moving average of $482.06 and a two-hundred day simple moving average of $501.70. The firm has a market capitalization of $332.07 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.