Lakeshore Capital Group Inc. Takes $6.08 Million Position in Invesco QQQ (NASDAQ:QQQ)

Lakeshore Capital Group Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,884 shares of the exchange traded fund's stock, valued at approximately $6,076,000. Invesco QQQ comprises approximately 9.2% of Lakeshore Capital Group Inc.'s portfolio, making the stock its biggest position.

A number of other large investors have also recently modified their holdings of the business. Stephens Consulting LLC lifted its stake in shares of Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock worth $2,769,000 after purchasing an additional 19 shares during the period. Farmers & Merchants Investments Inc. lifted its stake in shares of Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after purchasing an additional 20 shares during the period. RAM Investment Partners LLC lifted its stake in shares of Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after purchasing an additional 20 shares during the period. HighMark Wealth Management LLC increased its holdings in shares of Invesco QQQ by 5.2% during the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock worth $208,000 after buying an additional 20 shares during the last quarter. Finally, Providence First Trust Co increased its holdings in shares of Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after buying an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 2.4%

Shares of QQQ stock traded up $11.98 on Tuesday, reaching $521.22. 47,029,049 shares of the stock were exchanged, compared to its average volume of 37,403,242. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The stock has a market cap of $326.62 billion, a P/E ratio of 30.62 and a beta of 1.11. The firm has a 50 day moving average of $475.41 and a two-hundred day moving average of $500.77.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco QQQ

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.