Key Financial Inc Sells 142 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Financial Inc trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,752 shares of the exchange traded fund’s stock after selling 142 shares during the period. Key Financial Inc’s holdings in Invesco QQQ were worth $718,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Friedenthal Financial bought a new position in Invesco QQQ in the 4th quarter worth about $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ in the 4th quarter worth about $42,000. Russell Investments Group Ltd. bought a new position in Invesco QQQ in the 2nd quarter worth about $44,000. Core Wealth Advisors Inc. lifted its position in shares of Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares during the period. Finally, Blume Capital Management Inc. lifted its position in shares of Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 1.2 %

NASDAQ:QQQ traded down $5.26 during midday trading on Wednesday, reaching $425.84. 56,324,182 shares of the stock traded hands, compared to its average volume of 45,605,902. The business has a 50-day moving average of $438.36 and a two-hundred day moving average of $407.27. Invesco QQQ has a 12-month low of $309.89 and a 12-month 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 issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Monday, March 18th.

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.