Oliver Luxxe Assets LLC Has $246,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Oliver Luxxe Assets LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 555 shares of the exchange traded fund’s stock after selling 30 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Invesco QQQ were worth $246,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Summit X LLC raised its stake in Invesco QQQ by 0.4% during the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after buying an additional 24 shares during the period. IMA Wealth Inc. raised its stake in shares of Invesco QQQ by 1.3% in the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 25 shares during the period. S.A. Mason LLC raised its stake in shares of Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after purchasing an additional 25 shares during the period. Lauterbach Financial Advisors LLC raised its stake in shares of Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares during the period. Finally, Cedrus LLC raised its stake in shares of Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $481.92 on Tuesday. The business’s 50-day moving average price is $454.85 and its two-hundred day moving average price is $436.77. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $487.20.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be paid a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.63%.

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.