Kestra Private Wealth Services LLC Raises Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Kestra Private Wealth Services LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 33.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,858 shares of the exchange traded fund’s stock after acquiring an additional 18,850 shares during the quarter. Invesco QQQ accounts for 0.8% of Kestra Private Wealth Services LLC’s portfolio, making the stock its 16th biggest holding. Kestra Private Wealth Services LLC’s holdings in Invesco QQQ were worth $30,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Red Tortoise LLC increased its holdings in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial purchased a new stake in Invesco QQQ in the fourth quarter worth about $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ during the 4th quarter worth about $42,000. Core Wealth Advisors Inc. increased its position in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the period. Finally, Blume Capital Management Inc. raised its holdings 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 valued at $48,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded up $1.75 during trading hours on Monday, reaching $432.75. The company’s stock had a trading volume of 29,370,162 shares, compared to its average volume of 45,941,555. The stock has a 50 day moving average price of $436.92 and a two-hundred day moving average price of $411.12. Invesco QQQ has a 12 month low of $315.11 and a 12 month high of $449.34.

Invesco QQQ Dividend Announcement

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

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.