Lokken Investment Group LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 25.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,481 shares of the exchange traded fund's stock after selling 1,206 shares during the quarter. Lokken Investment Group LLC's holdings in Invesco QQQ were worth $1,632,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the 4th quarter worth $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the 1st quarter worth about $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ in the 4th quarter valued at about $57,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded up $2.01 during midday trading on Monday, hitting $556.21. The company's stock had a trading volume of 36,310,078 shares, compared to its average volume of 44,914,648. The stock has a fifty day moving average price of $527.06 and a 200 day moving average price of $505.58. Invesco QQQ has a one year low of $402.39 and a one year high of $557.63.
Invesco QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.
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.
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