KFA Private Wealth Group LLC Purchases 96 Shares of Invesco QQQ (NASDAQ:QQQ)

KFA Private Wealth Group LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,473 shares of the exchange traded fund’s stock after buying an additional 96 shares during the quarter. KFA Private Wealth Group LLC’s holdings in Invesco QQQ were worth $691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the fourth quarter worth $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the first quarter worth $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ during the fourth quarter worth $57,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.2%

QQQ stock opened at $566.37 on Monday. The company has a fifty day moving average price of $539.14 and a two-hundred day moving average price of $508.75. Invesco QQQ has a one year low of $402.39 and a one year high of $567.70.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%.

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.