LGL Partners LLC Buys 727 Shares of Invesco QQQ (NASDAQ:QQQ)

LGL Partners LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,697 shares of the exchange traded fund’s stock after buying an additional 727 shares during the quarter. Invesco QQQ makes up approximately 1.8% of LGL Partners LLC’s portfolio, making the stock its 15th largest holding. LGL Partners LLC’s holdings in Invesco QQQ were worth $12,980,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Red Tortoise LLC lifted its holdings in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $41,000. Bear Mountain Capital Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $42,000. Core Wealth Advisors Inc. lifted its holdings in shares of Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.1 %

Shares of QQQ stock traded down $4.85 during trading on Tuesday, hitting $427.90. The company had a trading volume of 24,600,996 shares, compared to its average volume of 45,665,695. The stock’s 50-day moving average is $436.92 and its two-hundred day moving average is $411.12. Invesco QQQ has a 52 week low of $315.11 and a 52 week high of $449.34.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

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.