Lokken Investment Group LLC Has $2.40 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Lokken Investment Group LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,687 shares of the exchange traded fund’s stock after selling 116 shares during the period. Invesco QQQ comprises about 1.0% of Lokken Investment Group LLC’s investment portfolio, making the stock its 24th largest holding. Lokken Investment Group LLC’s holdings in Invesco QQQ were worth $2,396,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. PayPay Securities Corp lifted its position in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at about $37,000. Hoese & Co LLP raised its stake in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $51,000. Finally, Creative Capital Management Investments LLC grew its stake in shares of Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $468.92 on Tuesday. The firm has a 50 day simple moving average of $507.38 and a 200 day simple moving average of $505.32. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The firm has a market cap of $297.46 billion, a P/E ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is 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.