Invesco QQQ (NASDAQ:QQQ) is Kestra Private Wealth Services LLC's 6th Largest Position

Kestra Private Wealth Services LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 170,009 shares of the exchange traded fund's stock after purchasing an additional 8,145 shares during the period. Invesco QQQ comprises about 1.3% of Kestra Private Wealth Services LLC's investment portfolio, making the stock its 6th biggest position. Kestra Private Wealth Services LLC's holdings in Invesco QQQ were worth $79,721,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Prevail Innovative Wealth Advisors LLC increased its position in shares of Invesco QQQ by 4.3% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after buying an additional 20 shares during the period. Legacy Investment Solutions LLC increased its position in shares of Invesco QQQ by 8.2% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after buying an additional 20 shares during the period. Laird Norton Wetherby Wealth Management LLC increased its position in shares of Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after purchasing an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. increased its position in shares of Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after purchasing an additional 21 shares during the last quarter. Finally, MTM Investment Management LLC increased its position in shares of Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after purchasing an additional 21 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.1%

Shares of QQQ stock traded down $0.54 during trading on Friday, hitting $561.26. The company had a trading volume of 50,428,921 shares, compared to its average volume of 39,495,266. The stock's 50-day moving average is $534.38 and its two-hundred day moving average is $507.15. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $564.73.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.

Invesco QQQ Company 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.