Keystone Global Partners LLC Acquires Shares of 3,595 Invesco QQQ (NASDAQ:QQQ)

Key Points

• Keystone Global Partners LLC acquired 3,595 shares of Invesco QQQ, valued at approximately $1.68 million, making it the firm's 23rd largest holding.
• Other hedge funds such as Marshall & Sterling Wealth Advisors and Alpine Bank Wealth Management have also entered positions in Invesco QQQ, indicating increased institutional interest.
• Invesco QQQ shares recently opened at $577.34, having a 12-month high of $583.32 and a quarterly dividend of $0.5911 per share, which translates to an annualized yield of 0.4%.

Keystone Global Partners LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,595 shares of the exchange traded fund's stock, valued at approximately $1,686,000. Invesco QQQ comprises 1.2% of Keystone Global Partners LLC's portfolio, making the stock its 23rd largest holding.

Other hedge funds have also bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the first quarter valued at $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter valued at $51,000. Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $57,000. Finally, Blume Capital Management Inc. boosted its stake in shares of Invesco QQQ by 105.0% during the first 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 during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $577.34 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32. The firm has a fifty day moving average price of $554.13 and a 200-day moving average price of $514.12.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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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