Invesco QQQ $QQQ is KPP Advisory Services LLC’s 7th Largest Position

KPP Advisory Services LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,563 shares of the exchange traded fund’s stock after selling 1,503 shares during the quarter. Invesco QQQ comprises about 3.1% of KPP Advisory Services LLC’s portfolio, making the stock its 7th biggest position. KPP Advisory Services LLC’s holdings in Invesco QQQ were worth $24,716,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Carrera Capital Advisors grew its holdings in Invesco QQQ by 99.3% during the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after acquiring an additional 1,154 shares in the last quarter. Flatrock Wealth Partners LLC bought a new position in Invesco QQQ in the first quarter worth about $924,000. Hegarty Advisors LLC bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $2,212,000. Ascension Capital Advisors Inc. increased its position in shares of Invesco QQQ by 643.8% during the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock worth $1,786,000 after purchasing an additional 2,678 shares in the last quarter. Finally, Asset Allocation Strategies LLC acquired a new position in Invesco QQQ during the 1st quarter valued at about $18,142,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.2%

Shares of Invesco QQQ stock opened at $716.08 on Thursday. The company has a 50 day moving average price of $714.04 and a 200 day moving average price of $667.07. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

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

Key Headlines Impacting Invesco QQQ

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

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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