Bricktown Capital LLC Purchases 2,920 Shares of Invesco QQQ (NASDAQ:QQQ)

Bricktown Capital LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 314.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,849 shares of the exchange traded fund’s stock after purchasing an additional 2,920 shares during the period. Invesco QQQ makes up about 0.3% of Bricktown Capital LLC’s portfolio, making the stock its 13th biggest holding. Bricktown Capital LLC’s holdings in Invesco QQQ were worth $1,879,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $29,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth $30,000. Voisard Asset Management Group Inc. bought a new position in shares of Invesco QQQ in the fourth quarter worth $35,000. Finally, Chelsea Counsel Co. acquired a new position in Invesco QQQ in the first quarter valued at about $40,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.3 %

Invesco QQQ stock traded down $1.38 during trading hours on Monday, reaching $485.94. 5,054,024 shares of the stock were exchanged, compared to its average volume of 39,506,785. The stock has a 50 day moving average of $469.56 and a two-hundred day moving average of $461.81. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Monday, September 23rd.

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.