Invesco QQQ $QQQ Shares Sold by KPP Advisory Services LLC

Key Points

• KPP Advisory Services LLC reduced its stake in Invesco QQQ by 25.4% during Q2, now holding 44,150 shares valued at approximately $24.35 million.
• Invesco QQQ recently announced a quarterly dividend increase to $0.694, with an annualized yield of 0.5%, payable on October 31st to shareholders of record as of September 22nd.
• The current price performance of Invesco QQQ shows a 12-month low of $402.39 and a high of $613.18, with shares opening at $604.91.

KPP Advisory Services LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 25.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,150 shares of the exchange traded fund's stock after selling 15,062 shares during the period. Invesco QQQ comprises 4.0% of KPP Advisory Services LLC's portfolio, making the stock its 2nd largest holding. KPP Advisory Services LLC's holdings in Invesco QQQ were worth $24,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Brighton Jones LLC boosted its stake in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after acquiring an additional 176 shares during the period. Wealth Group Ltd. boosted its stake in shares of Invesco QQQ by 305.2% in the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund's stock valued at $3,010,000 after purchasing an additional 4,835 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Invesco QQQ by 19.2% in the 1st quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund's stock worth $1,872,000 after purchasing an additional 643 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of Invesco QQQ by 1.1% during the 1st quarter. GHP Investment Advisors Inc. now owns 3,270 shares of the exchange traded fund's stock worth $1,533,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $604.91 on Thursday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18. The firm has a 50-day moving average price of $589.20 and a 200 day moving average price of $543.59.

Invesco QQQ Increases Dividend

The company also recently announced 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. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

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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