Luken Investment Analytics LLC Has $14.72 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Luken Investment Analytics LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 31,397 shares of the exchange traded fund’s stock after selling 577 shares during the period. Invesco QQQ accounts for about 6.9% of Luken Investment Analytics LLC’s portfolio, making the stock its 4th largest position. Luken Investment Analytics LLC’s holdings in Invesco QQQ were worth $14,723,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Providence First Trust Co grew its holdings in Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock worth $346,000 after acquiring an additional 20 shares during the last quarter. Diversified Enterprises LLC raised its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock worth $2,679,000 after acquiring an additional 20 shares during the last quarter. Prevail Innovative Wealth Advisors LLC lifted its position in shares of Invesco QQQ by 4.3% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund’s stock worth $247,000 after purchasing an additional 20 shares in the last quarter. Legacy Investment Solutions LLC grew its stake in shares of Invesco QQQ by 8.2% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock valued at $138,000 after purchasing an additional 20 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock valued at $3,080,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $528.99 on Thursday. The firm has a 50 day simple moving average of $497.46 and a 200 day simple moving average of $503.26. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was 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.