Invesco QQQ (NASDAQ:QQQ) Shares Bought by KPP Advisory Services LLC

KPP Advisory Services LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 39.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,212 shares of the exchange traded fund's stock after acquiring an additional 16,733 shares during the quarter. Invesco QQQ comprises 5.1% of KPP Advisory Services LLC's holdings, making the stock its largest holding. KPP Advisory Services LLC's holdings in Invesco QQQ were worth $27,766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the fourth quarter worth $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ during the first quarter worth $50,000. Banque Transatlantique SA purchased a new position in shares of Invesco QQQ during the fourth quarter worth $57,000. Finally, Perritt Capital Management Inc purchased a new position in shares of Invesco QQQ during the fourth quarter worth $61,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ opened at $546.22 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $547.35. The business has a fifty day simple moving average of $507.68 and a 200-day simple moving average of $503.87.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

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.

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