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

Lokken Investment Group LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 biggest position. Lokken Investment Group LLC’s holdings in Invesco QQQ were worth $2,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Invesco QQQ Stock Down 0.0 %

Shares of QQQ opened at $468.92 on Tuesday. The company has a 50-day moving average price of $507.38 and a two-hundred day moving average price of $505.32. The stock has a market cap of $297.46 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend 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.