KFA Private Wealth Group LLC Raises Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

KFA Private Wealth Group LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 13.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,075 shares of the exchange traded fund’s stock after purchasing an additional 130 shares during the quarter. KFA Private Wealth Group LLC’s holdings in Invesco QQQ were worth $440,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Red Tortoise LLC raised its position in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $41,000. Bear Mountain Capital Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $42,000. Core Wealth Advisors Inc. boosted its holdings 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. increased its position in shares of Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5 %

QQQ traded up $6.55 during trading on Friday, reaching $431.00. The company had a trading volume of 41,598,392 shares, compared to its average volume of 46,137,730. The business has a 50 day simple moving average of $436.88 and a 200-day simple moving average of $410.11. Invesco QQQ has a 52 week low of $315.05 and a 52 week high of $449.34.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.53%.

About Invesco QQQ

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.