Lindbrook Capital LLC Purchases 366 Shares of Invesco QQQ (NASDAQ:QQQ)

Lindbrook Capital LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,035 shares of the exchange traded fund’s stock after purchasing an additional 366 shares during the period. Invesco QQQ accounts for about 1.3% of Lindbrook Capital LLC’s holdings, making the stock its 12th biggest position. Lindbrook Capital LLC’s holdings in Invesco QQQ were worth $12,709,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Red Tortoise LLC raised its position in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares during the period. Friedenthal Financial bought a new stake in Invesco QQQ in the fourth quarter worth about $41,000. Bear Mountain Capital Inc. bought a new stake in Invesco QQQ in the fourth quarter worth about $42,000. Russell Investments Group Ltd. bought a new stake in Invesco QQQ in the second quarter worth about $44,000. Finally, Core Wealth Advisors Inc. raised its position in 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 acquiring an additional 30 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ traded down $8.76 during trading hours on Friday, hitting $414.65. The company’s stock had a trading volume of 75,230,990 shares, compared to its average volume of 42,307,272. The business has a 50 day simple moving average of $437.60 and a two-hundred day simple moving average of $407.88. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.55%.

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.