Invesco QQQ $QQQ Stock Position Lowered by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its holdings in Invesco QQQ by 6.3%, bringing its total shares down to 583,566 in the first quarter.
• Invesco QQQ's stock price opened at $563.28, with a recent 52-week range between $402.39 and $583.32.
• The company declared a quarterly dividend of $0.5911, resulting in an annualized dividend yield of 0.4%.

Kestra Advisory Services LLC decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 583,566 shares of the exchange traded fund's stock after selling 39,125 shares during the period. Invesco QQQ accounts for about 1.3% of Kestra Advisory Services LLC's investment portfolio, making the stock its 8th biggest position. Kestra Advisory Services LLC owned approximately 0.09% of Invesco QQQ worth $273,646,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the 4th quarter worth $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the 1st quarter worth about $51,000. Banque Transatlantique SA purchased a new position in Invesco QQQ during the 4th quarter valued at about $57,000. Finally, Blume Capital Management Inc. raised its holdings in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.5%

Shares of QQQ opened at $563.28 on Friday. The company has a 50 day moving average price of $557.02 and a 200-day moving average price of $515.49. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis 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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