Luken Investment Analytics LLC Has $16.35 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Luken Investment Analytics LLC trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,974 shares of the exchange traded fund’s stock after selling 344 shares during the quarter. Invesco QQQ makes up 7.6% of Luken Investment Analytics LLC’s portfolio, making the stock its 3rd biggest position. Luken Investment Analytics LLC’s holdings in Invesco QQQ were worth $16,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its stake in Invesco QQQ by 332.0% during the 2nd quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after buying an additional 9,254 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Invesco QQQ in the second quarter worth approximately $104,000. Heritage Wealth Management Inc. acquired a new position in shares of Invesco QQQ during the 2nd quarter valued at $290,000. Anchor Investment Management LLC raised its stake in shares of Invesco QQQ by 1.9% in the 2nd quarter. Anchor Investment Management LLC now owns 42,196 shares of the exchange traded fund’s stock worth $20,216,000 after buying an additional 786 shares in the last quarter. Finally, Alternative Investment Advisors LLC. bought a new position in shares of Invesco QQQ during the 2nd quarter valued at about $443,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $523.05 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The stock’s fifty day simple moving average is $518.86 and its 200 day simple moving average is $493.75.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Profile

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.