KFA Private Wealth Group LLC Acquires 1,642 Shares of Invesco QQQ $QQQ

KFA Private Wealth Group LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 107.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,169 shares of the exchange traded fund’s stock after buying an additional 1,642 shares during the quarter. KFA Private Wealth Group LLC’s holdings in Invesco QQQ were worth $2,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of QQQ. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $25,000. High Point Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 17 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 43 shares in the last quarter. Shcp LLC purchased a new position in shares of Invesco QQQ in the third quarter valued at $27,000. Finally, Parvin Asset Management LLC purchased a new position in shares of Invesco QQQ in the first quarter valued at $28,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 1.3%

NASDAQ:QQQ opened at $707.64 on Wednesday. The business’s fifty day moving average is $710.99 and its 200 day moving average is $673.40. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $748.65.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.8135 per share. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

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Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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