Invesco QQQ (NASDAQ:QQQ) Shares Sold by Luken Investment Analytics LLC

Luken Investment Analytics LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,318 shares of the exchange traded fund’s stock after selling 143 shares during the period. Invesco QQQ makes up 7.2% of Luken Investment Analytics LLC’s investment portfolio, making the stock its 3rd largest position. Luken Investment Analytics LLC’s holdings in Invesco QQQ were worth $15,774,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Prospect Financial Services LLC grew its holdings in Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after buying an additional 21 shares during the last quarter. Skyline Advisors Inc. lifted its holdings in shares of Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares during the period. Sweeney & Michel LLC boosted its stake in shares of Invesco QQQ by 4.0% in the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 22 shares in the last quarter. Family Firm Inc. boosted its stake in shares of Invesco QQQ by 3.1% in the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 22 shares in the last quarter. Finally, MPS Loria Financial Planners LLC grew its holdings in shares of Invesco QQQ by 0.8% in the 3rd quarter. MPS Loria Financial Planners LLC now owns 2,656 shares of the exchange traded fund’s stock worth $1,297,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

QQQ stock traded up $3.58 during trading on Friday, hitting $487.43. 33,655,757 shares of the stock traded hands, compared to its average volume of 28,420,908. Invesco QQQ has a one year low of $360.30 and a one year high of $503.52. The company has a 50 day simple moving average of $481.80 and a 200 day simple moving average of $468.54.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Monday, September 23rd.

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.