Key Client Fiduciary Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,957 shares of the exchange traded fund's stock after acquiring an additional 692 shares during the period. Invesco QQQ comprises approximately 1.9% of Key Client Fiduciary Advisors LLC's portfolio, making the stock its 10th largest position. Key Client Fiduciary Advisors LLC's holdings in Invesco QQQ were worth $4,200,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Wilkins Miller Wealth Management LLC acquired a new position in Invesco QQQ in the fourth quarter valued at $1,018,000. Synergy Investment Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at about $723,000. Grant Private Wealth Management Inc purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $815,000. Tandem Investment Partners LLC purchased a new position in Invesco QQQ during the 4th quarter worth $4,623,000. Finally, Gemsstock Ltd. lifted its position in Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of NASDAQ QQQ traded down $3.98 during trading on Thursday, hitting $524.79. 60,873,940 shares of the company were exchanged, compared to its average volume of 37,913,928. The firm's fifty day moving average price is $480.94 and its 200 day moving average price is $501.53. The company has a market cap of $337.36 billion, a price-to-earnings ratio of 32.66 and a beta of 1.18. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.
Invesco QQQ Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.
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.
Further Reading
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
