Kapstone Financial Advisors LLC Purchases 751 Shares of Invesco QQQ (NASDAQ:QQQ)

Kapstone Financial Advisors LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 15.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,747 shares of the exchange traded fund's stock after purchasing an additional 751 shares during the quarter. Invesco QQQ accounts for about 1.5% of Kapstone Financial Advisors LLC's investment portfolio, making the stock its 14th biggest holding. Kapstone Financial Advisors LLC's holdings in Invesco QQQ were worth $2,695,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Intellectus Partners LLC raised its position in Invesco QQQ by 16.4% in the 1st quarter. Intellectus Partners LLC now owns 1,857 shares of the exchange traded fund's stock worth $872,000 after buying an additional 262 shares during the last quarter. Stablepoint Partners LLC lifted its position in Invesco QQQ by 68.4% during the first quarter. Stablepoint Partners LLC now owns 3,764 shares of the exchange traded fund's stock valued at $1,765,000 after purchasing an additional 1,529 shares during the period. Insight Advisors LLC PA boosted its holdings in Invesco QQQ by 4.6% in the first quarter. Insight Advisors LLC PA now owns 12,191 shares of the exchange traded fund's stock worth $5,719,000 after purchasing an additional 539 shares during the last quarter. Affinity Wealth Management LLC raised its stake in Invesco QQQ by 21.4% during the 1st quarter. Affinity Wealth Management LLC now owns 87,683 shares of the exchange traded fund's stock valued at $41,116,000 after buying an additional 15,461 shares during the last quarter. Finally, Herbst Group LLC boosted its stake in shares of Invesco QQQ by 1.7% in the 1st quarter. Herbst Group LLC now owns 12,831 shares of the exchange traded fund's stock worth $6,017,000 after buying an additional 216 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $524.79 on Friday. The company has a market cap of $328.86 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The business's 50-day moving average is $482.06 and its two-hundred day moving average is $501.70. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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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