Kapstone Financial Advisors LLC Sells 62 Shares of Invesco QQQ (NASDAQ:QQQ)

Kapstone Financial Advisors LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,844 shares of the exchange traded fund’s stock after selling 62 shares during the period. Invesco QQQ makes up approximately 0.9% of Kapstone Financial Advisors LLC’s holdings, making the stock its 22nd largest holding. Kapstone Financial Advisors LLC’s holdings in Invesco QQQ were worth $1,213,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. 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 valued at $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial purchased a new position in Invesco QQQ during the 4th quarter valued at about $41,000. Bear Mountain Capital Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $42,000. Core Wealth Advisors Inc. grew its holdings in shares of Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares during the period. Finally, Blume Capital Management Inc. grew its holdings 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 worth $48,000 after acquiring an additional 3,500 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5 %

Shares of QQQ stock traded up $6.55 during midday trading on Friday, reaching $431.00. 41,874,907 shares of the stock were exchanged, compared to its average volume of 47,550,872. Invesco QQQ has a 1 year low of $315.05 and a 1 year high of $449.34. The company’s 50 day moving average is $436.88 and its two-hundred day moving average is $410.40.

Invesco QQQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued 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%.

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.