Lake Street Private Wealth LLC Buys 964 Shares of Invesco QQQ $QQQ

Lake Street Private Wealth LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,764 shares of the exchange traded fund’s stock after purchasing an additional 964 shares during the quarter. Invesco QQQ accounts for about 3.0% of Lake Street Private Wealth LLC’s portfolio, making the stock its 5th largest position. Lake Street Private Wealth LLC’s holdings in Invesco QQQ were worth $24,428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ in the 3rd quarter valued at $25,000. Shcp LLC acquired a new stake in shares of Invesco QQQ during the 3rd quarter valued at $27,000. Navigoe LLC grew its position in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 45 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Invesco QQQ during the 3rd quarter worth $40,000. Finally, PayPay Securities Corp increased its holdings in Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 30 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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Invesco QQQ Trading Down 1.8%

Invesco QQQ stock opened at $582.06 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The stock has a 50-day moving average price of $610.46 and a two-hundred day moving average price of $609.78.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be paid a $0.7328 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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