Kera Capital Partners Inc. Makes New Investment in Invesco QQQ $QQQ

Key Points

• Kera Capital Partners Inc. acquired a new position in Invesco QQQ during the 2nd quarter by purchasing 1,285 shares valued at approximately $709,000.
• Invesco QQQ recently disclosed a quarterly dividend of $0.5911 per share, representing a 0.4% dividend yield with the ex-dividend date on June 23rd.
• The stock of Invesco QQQ has shown considerable fluctuation with a 12-month low of $402.39 and a high of $587.86.

Kera Capital Partners Inc. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,285 shares of the exchange traded fund's stock, valued at approximately $709,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the 1st quarter worth approximately $51,000. Blume Capital Management Inc. grew its holdings in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after acquiring an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC lifted its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after buying an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $586.66 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $587.86. The firm has a 50 day simple moving average of $568.24 and a 200-day simple moving average of $520.50.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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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