Luken Investment Analytics LLC Sells 143 Shares of Invesco QQQ (NASDAQ:QQQ)

Luken Investment Analytics LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,318 shares of the exchange traded fund’s stock after selling 143 shares during the quarter. Invesco QQQ makes up 7.2% of Luken Investment Analytics LLC’s portfolio, making the stock its 3rd biggest position. Luken Investment Analytics LLC’s holdings in Invesco QQQ were worth $15,774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Westwood Holdings Group Inc. grew its stake in shares of Invesco QQQ by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares during the period. Socha Financial Group LLC grew its position in shares of Invesco QQQ by 1.3% during the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after buying an additional 1,153 shares during the period. Bank Hapoalim BM raised its position in shares of Invesco QQQ by 5.5% in the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after acquiring an additional 6,347 shares during the period. SVB Wealth LLC boosted its stake in Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares during the last quarter. Finally, WFA Asset Management Corp grew its holdings in Invesco QQQ by 70.6% during the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after purchasing an additional 1,894 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.7 %

NASDAQ:QQQ traded up $3.58 during trading hours on Friday, hitting $487.43. The stock had a trading volume of 33,655,757 shares, compared to its average volume of 28,420,908. The business’s 50 day moving average is $481.80 and its 200-day moving average is $468.54. Invesco QQQ has a one year low of $360.30 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ 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.