Key Financial Inc Has $718,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Key Financial Inc lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,752 shares of the exchange traded fund’s stock after selling 142 shares during the period. Key Financial Inc’s holdings in Invesco QQQ were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its stake in Invesco QQQ by 156,045.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after acquiring an additional 43,463,232 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after purchasing an additional 28,263,426 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Invesco QQQ by 10.0% during the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after acquiring an additional 1,533,114 shares in the last quarter. Barclays PLC boosted its holdings in shares of Invesco QQQ by 113.5% during the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after acquiring an additional 48,423,350 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Invesco QQQ by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock valued at $1,623,380,000 after acquiring an additional 52,019 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.2 %

QQQ traded down $5.26 during midday trading on Wednesday, hitting $425.84. 56,324,182 shares of the company were exchanged, compared to its average volume of 45,605,902. Invesco QQQ has a 1-year low of $309.89 and a 1-year high of $449.34. The firm’s 50 day moving average price is $438.36 and its 200-day moving average price is $407.27.

Invesco QQQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

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.