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

Luken Investment Analytics LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 31,397 shares of the exchange traded fund’s stock after selling 577 shares during the quarter. Invesco QQQ accounts for 6.9% of Luken Investment Analytics LLC’s portfolio, making the stock its 4th biggest position. Luken Investment Analytics LLC’s holdings in Invesco QQQ were worth $14,723,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Johnson Investment Counsel Inc. grew its holdings in Invesco QQQ by 8.9% during the 1st quarter. Johnson Investment Counsel Inc. now owns 102,703 shares of the exchange traded fund’s stock worth $48,159,000 after acquiring an additional 8,355 shares during the period. Beacon Capital Management LLC boosted its position in shares of Invesco QQQ by 23.5% in the 1st quarter. Beacon Capital Management LLC now owns 125,906 shares of the exchange traded fund’s stock worth $59,040,000 after purchasing an additional 23,963 shares during the last quarter. BostonPremier Wealth LLC boosted its position in shares of Invesco QQQ by 11.9% in the 1st quarter. BostonPremier Wealth LLC now owns 35,754 shares of the exchange traded fund’s stock worth $16,766,000 after purchasing an additional 3,799 shares during the last quarter. PSI Advisors LLC grew its stake in shares of Invesco QQQ by 2.5% during the first quarter. PSI Advisors LLC now owns 65,089 shares of the exchange traded fund’s stock worth $30,522,000 after purchasing an additional 1,575 shares during the period. Finally, Grandview Asset Management LLC grew its stake in shares of Invesco QQQ by 9.0% during the first quarter. Grandview Asset Management LLC now owns 26,171 shares of the exchange traded fund’s stock worth $12,272,000 after purchasing an additional 2,160 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $528.99 on Thursday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The business’s 50-day moving average price is $497.46 and its two-hundred day moving average price is $503.26.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.