Invesco QQQ (NASDAQ:QQQ) Shares Bought by Kickstand Ventures LLC.

Key Points

• Kickstand Ventures LLC significantly increased its holdings in Invesco QQQ by 268.8% during the first quarter, owning 8,653 shares valued at approximately $4,057,000.
• Several institutional investors, including Bridge Generations Wealth Management and Alpine Bank Wealth Management, also acquired new stakes in Invesco QQQ in the fourth quarter, reflecting strong interest among institutional investors.
• Invesco QQQ recently reported a quarterly dividend of $0.5911, representing an annualized dividend yield of 0.4% for shareholders of record, indicating ongoing returns for investors despite market fluctuations.

Kickstand Ventures LLC. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 268.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,653 shares of the exchange traded fund's stock after purchasing an additional 6,307 shares during the period. Invesco QQQ makes up about 1.0% of Kickstand Ventures LLC.'s holdings, making the stock its 29th biggest position. Kickstand Ventures LLC.'s holdings in Invesco QQQ were worth $4,057,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 2.0%

QQQ stock opened at $553.88 on Monday. The company's 50 day simple moving average is $544.01 and its 200-day simple moving average is $510.67. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $574.63.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

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.

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