Littlejohn Financial Services Inc. Acquires Shares of 10,305 Invesco QQQ (NASDAQ:QQQ)

Littlejohn Financial Services Inc. bought a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, HoldingsChannel.com reports. The firm bought 10,305 shares of the exchange traded fund’s stock, valued at approximately $5,268,000. Invesco QQQ accounts for approximately 4.7% of Littlejohn Financial Services Inc.’s portfolio, making the stock its 3rd biggest holding.

Other large investors have also recently modified their holdings of the company. Rooted Wealth Advisors Inc. lifted its holdings in shares of Invesco QQQ by 5.3% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 640 shares of the exchange traded fund’s stock worth $330,000 after acquiring an additional 32 shares during the last quarter. Palacios Wealth Management LLC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $763,000. Arcus Capital Partners LLC increased its position in Invesco QQQ by 25.8% during the 4th quarter. Arcus Capital Partners LLC now owns 17,730 shares of the exchange traded fund’s stock worth $9,064,000 after purchasing an additional 3,641 shares in the last quarter. Root Financial Partners LLC boosted its position in Invesco QQQ by 16.0% in the fourth quarter. Root Financial Partners LLC now owns 8,461 shares of the exchange traded fund’s stock valued at $4,325,000 after buying an additional 1,164 shares in the last quarter. Finally, Northern Financial Advisors Inc grew its stake in shares of Invesco QQQ by 2.1% during the fourth quarter. Northern Financial Advisors Inc now owns 4,177 shares of the exchange traded fund’s stock worth $2,135,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.4 %

Shares of NASDAQ:QQQ opened at $535.90 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The company has a fifty day moving average of $521.86 and a 200-day moving average of $497.08.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.