Kingswood Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,023 shares of the exchange traded fund's stock after purchasing an additional 7,713 shares during the period. Invesco QQQ comprises approximately 1.2% of Kingswood Wealth Advisors LLC's holdings, making the stock its 9th largest holding. Kingswood Wealth Advisors LLC's holdings in Invesco QQQ were worth $30,564,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. Wilkins Miller Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $1,018,000. Synergy Investment Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $723,000. Grant Private Wealth Management Inc purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $815,000. Tandem Investment Partners LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $4,623,000. Finally, Gemsstock Ltd. grew its holdings in shares of Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after acquiring an additional 213,400 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.0%
Shares of QQQ stock traded down $0.09 during midday trading on Thursday, reaching $528.99. 43,800,167 shares of the stock were exchanged, compared to its average volume of 38,526,600. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company's 50 day moving average is $499.12 and its two-hundred day moving average is $503.35.
Invesco QQQ Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a $0.7157 dividend. 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.
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