Invesco QQQ (NASDAQ:QQQ) Position Increased by Keel Point LLC

Keel Point LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,085 shares of the exchange traded fund’s stock after purchasing an additional 229 shares during the quarter. Keel Point LLC’s holdings in Invesco QQQ were worth $2,617,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of QQQ. Moneta Group Investment Advisors LLC increased its stake in Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after acquiring an additional 43,463,232 shares during the period. Morgan Stanley boosted its stake in Invesco QQQ by 10.0% during the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after buying an additional 1,533,114 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Invesco QQQ by 3.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,761,075 shares of the exchange traded fund’s stock valued at $1,527,972,000 after buying an additional 167,217 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco QQQ by 1.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,012,198 shares of the exchange traded fund’s stock worth $802,145,000 after acquiring an additional 32,891 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,002,908 shares of the exchange traded fund’s stock valued at $642,793,000 after acquiring an additional 45,781 shares in the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $3.31 during midday trading on Tuesday, reaching $367.35. The company had a trading volume of 13,397,530 shares, compared to its average volume of 53,398,254. The stock has a fifty day simple moving average of $373.20 and a 200 day simple moving average of $348.47. Invesco QQQ has a 1-year low of $254.26 and a 1-year high of $387.98.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 19th will be paid a $0.5389 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Monday, September 18th.

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.