Keystone Financial Group Has $17.12 Million Stock Holdings in Invesco QQQ $QQQ

Keystone Financial Group decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,246 shares of the exchange traded fund’s stock after selling 1,771 shares during the quarter. Invesco QQQ makes up 1.0% of Keystone Financial Group’s investment portfolio, making the stock its 23rd biggest holding. Keystone Financial Group’s holdings in Invesco QQQ were worth $17,119,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $25,000. Shcp LLC acquired a new stake in Invesco QQQ during the 3rd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 43 shares during the last quarter. Parvin Asset Management LLC acquired a new position in shares of Invesco QQQ in the 1st quarter worth approximately $28,000. Finally, Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $29,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $706.32 on Tuesday. The stock has a 50-day moving average price of $713.01 and a 200-day moving average price of $668.95. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

• Neutral Sentiment: Broad-market ETFs and U.S. equities were mixed to lower, suggesting a cautious trading environment rather than a QQQ-specific catalyst. Exchange-Traded Funds Fall, US Equities Mixed After Midday
• Neutral Sentiment: Technical traders are monitoring key support and resistance levels for QQQ and its largest holdings, including Apple, Microsoft, Nvidia, Alphabet, Meta Platforms and Tesla; this may contribute to short-term volatility. How To Trade SPY, QQQ And 6 Mega Caps
• Negative Sentiment: QQQ reportedly experienced outflows while S&P 500 ETFs attracted approximately $6.4 billion in a single day. The flow divergence points to possible investor rotation away from Nasdaq-100 growth exposure and toward broader-market funds. Quick Spark: $6.4 Billion Pours Into S&P 500 ETFs as QQQ Sees Outflows
• Negative Sentiment: A decline in major Nasdaq-100 components weighed on QQQ, whose performance is heavily concentrated in mega-cap technology companies. QQQ ETF Is Down Today
• Negative Sentiment: Investors are also assessing debt-market concerns, potential credit stress and upcoming volatility tied to Nvidia’s earnings and the Jackson Hole policy meeting. These risks can pressure high-valuation growth ETFs such as QQQ. Market Volatility Risk: Nvidia Earnings and Jackson Hole Next Week

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.