Invesco QQQ $QQQ Shares Sold by KPP Advisory Services LLC

KPP Advisory Services LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,395 shares of the exchange traded fund’s stock after selling 2,755 shares during the quarter. Invesco QQQ accounts for 3.7% of KPP Advisory Services LLC’s holdings, making the stock its 2nd biggest holding. KPP Advisory Services LLC’s holdings in Invesco QQQ were worth $24,853,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Flagship Private Wealth LLC raised its stake in Invesco QQQ by 18.9% in the 3rd quarter. Flagship Private Wealth LLC now owns 17,697 shares of the exchange traded fund’s stock worth $10,625,000 after purchasing an additional 2,815 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Invesco QQQ in the third quarter valued at approximately $39,144,000. Belpointe Asset Management LLC boosted its stake in shares of Invesco QQQ by 11.9% in the third quarter. Belpointe Asset Management LLC now owns 117,833 shares of the exchange traded fund’s stock valued at $70,745,000 after buying an additional 12,566 shares during the period. Tandem Financial LLC grew its position in Invesco QQQ by 66.4% during the third quarter. Tandem Financial LLC now owns 16,329 shares of the exchange traded fund’s stock worth $9,811,000 after buying an additional 6,517 shares in the last quarter. Finally, NWF Advisory Services Inc. grew its position in Invesco QQQ by 5.7% during the third quarter. NWF Advisory Services Inc. now owns 17,282 shares of the exchange traded fund’s stock worth $10,376,000 after buying an additional 938 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4%

Shares of NASDAQ QQQ opened at $625.46 on Tuesday. The business has a fifty day moving average price of $616.95 and a two-hundred day moving average price of $598.80. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $0.7941 dividend. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd.

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.