LRI Investments LLC Buys 61 Shares of Invesco QQQ (NASDAQ:QQQ)

LRI Investments LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,529 shares of the exchange traded fund’s stock after buying an additional 61 shares during the period. LRI Investments LLC’s holdings in Invesco QQQ were worth $778,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mechanics Financial Corp purchased a new position in Invesco QQQ during the second quarter worth about $30,000. CGC Financial Services LLC raised its position in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares in the last quarter. Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas purchased a new position in shares of Invesco QQQ during the 3rd quarter valued at about $62,000. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in Invesco QQQ by 27.2% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund’s stock worth $63,000 after buying an additional 28 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.9 %

Shares of Invesco QQQ stock opened at $526.48 on Monday. Invesco QQQ has a 52-week low of $386.96 and a 52-week high of $526.72. The company has a fifty day moving average of $499.59 and a 200-day moving average of $481.73.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ Company 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.