Invesco QQQ (NASDAQ:QQQ) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 28,295 shares of the exchange traded fund’s stock after selling 453 shares during the quarter. Invesco QQQ accounts for about 1.3% of Lindbrook Capital LLC’s investment portfolio, making the stock its 13th biggest holding. Lindbrook Capital LLC’s holdings in Invesco QQQ were worth $14,465,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% in the 4th 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 in the last quarter. Roxbury Financial LLC purchased a new position in Invesco QQQ in the 4th quarter valued at approximately $37,000. Hoese & Co LLP increased its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the 4th quarter valued at approximately $51,000. Finally, Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $502.01 on Thursday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company has a market capitalization of $316.39 billion, a P/E ratio of 33.43 and a beta of 1.11. The business has a 50 day moving average price of $520.28 and a 200 day moving average price of $503.86.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.