Lighthouse Wealth Management Inc. Has $12.71 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Lighthouse Wealth Management Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,095 shares of the exchange traded fund’s stock after acquiring an additional 247 shares during the quarter. Invesco QQQ accounts for 11.6% of Lighthouse Wealth Management Inc.’s portfolio, making the stock its 2nd biggest holding. Lighthouse Wealth Management Inc.’s holdings in Invesco QQQ were worth $12,705,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Providence First Trust Co increased its position in shares of Invesco QQQ by 3.0% in the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock valued at $346,000 after purchasing an additional 20 shares during the last quarter. Diversified Enterprises LLC increased its position in shares of Invesco QQQ by 0.4% in the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock valued at $2,679,000 after purchasing an additional 20 shares during the last quarter. Prevail Innovative Wealth Advisors LLC increased its position in shares of Invesco QQQ by 4.3% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund’s stock valued at $247,000 after purchasing an additional 20 shares during the last quarter. Legacy Investment Solutions LLC increased its position in shares of Invesco QQQ by 8.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock valued at $138,000 after purchasing an additional 20 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its position in shares of Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock valued at $3,080,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4%

NASDAQ QQQ opened at $526.83 on Friday. The firm’s fifty day moving average price is $500.57 and its 200 day moving average price is $503.28. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

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

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.