Invesco QQQ $QQQ Holdings Decreased by Keystone Global Partners LLC

Key Points

• Keystone Global Partners LLC reduced its stake in Invesco QQQ by 13.1% during the second quarter, selling 470 shares to hold 3,125 shares overall.
• Invesco QQQ recently announced a quarterly dividend increase to $0.694, payable on October 31st, up from the previous $0.59.
• The stock price of Invesco QQQ has remained relatively stable, opening at $595.97, with a 52-week high of $602.87 and a low of $402.39.

Keystone Global Partners LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,125 shares of the exchange traded fund's stock after selling 470 shares during the quarter. Invesco QQQ comprises about 0.9% of Keystone Global Partners LLC's portfolio, making the stock its 28th biggest holding. Keystone Global Partners LLC's holdings in Invesco QQQ were worth $1,724,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Compass Financial Services Inc boosted its stake in Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock valued at $2,345,000 after purchasing an additional 19 shares in the last quarter. MTM Investment Management LLC raised its stake in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after buying an additional 21 shares in the last quarter. Cutler Investment Counsel LLC lifted its holdings in shares of Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after buying an additional 21 shares during the period. Occidental Asset Management LLC lifted its holdings in shares of Invesco QQQ by 1.7% in the second quarter. Occidental Asset Management LLC now owns 1,230 shares of the exchange traded fund's stock valued at $678,000 after buying an additional 21 shares during the period. Finally, Riverbend Wealth Management LLC boosted its stake in Invesco QQQ by 0.3% during the first quarter. Riverbend Wealth Management LLC now owns 8,172 shares of the exchange traded fund's stock valued at $3,832,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.4%

NASDAQ:QQQ opened at $595.97 on Monday. The business's 50-day moving average price is $576.04 and its 200 day moving average price is $528.24. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $602.87.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.

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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