Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Lokken Investment Group LLC

Lokken Investment Group LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,943 shares of the exchange traded fund’s stock after acquiring an additional 125 shares during the period. Invesco QQQ accounts for about 1.1% of Lokken Investment Group LLC’s portfolio, making the stock its 20th largest holding. Lokken Investment Group LLC’s holdings in Invesco QQQ were worth $2,368,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new position in Invesco QQQ during the first quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC lifted its stake in Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after acquiring an additional 3,102,568 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in Invesco QQQ by 18,691.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after acquiring an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC boosted its holdings in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after acquiring an additional 894,532 shares during the period. Finally, Harvard Management Co. Inc. acquired a new position in Invesco QQQ in the 1st quarter valued at about $304,591,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ opened at $473.49 on Wednesday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The company’s 50-day simple moving average is $469.12 and its 200-day simple moving average is $457.79.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were paid a dividend of $0.7615 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.64%. The ex-dividend date was Monday, June 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.