KFA Private Wealth Group LLC Has $440,000 Position in Invesco QQQ (NASDAQ:QQQ)

KFA Private Wealth Group LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 13.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,075 shares of the exchange traded fund’s stock after acquiring an additional 130 shares during the period. KFA Private Wealth Group LLC’s holdings in Invesco QQQ were worth $440,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Kovack Advisors Inc. lifted its position in Invesco QQQ by 18.8% during the fourth quarter. Kovack Advisors Inc. now owns 88,079 shares of the exchange traded fund’s stock worth $36,070,000 after purchasing an additional 13,961 shares during the period. Callan Capital LLC lifted its holdings in shares of Invesco QQQ by 7.5% during the 4th quarter. Callan Capital LLC now owns 3,115 shares of the exchange traded fund’s stock worth $1,276,000 after acquiring an additional 217 shares during the period. Bryn Mawr Capital Management LLC lifted its holdings in shares of Invesco QQQ by 4.2% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 12,933 shares of the exchange traded fund’s stock worth $5,296,000 after acquiring an additional 521 shares during the period. McClarren Financial Advisors Inc. increased its stake in Invesco QQQ by 156.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 3,604 shares of the exchange traded fund’s stock valued at $1,476,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Bradley & Co. Private Wealth Management LLC raised its position in Invesco QQQ by 819.3% during the fourth quarter. Bradley & Co. Private Wealth Management LLC now owns 1,379 shares of the exchange traded fund’s stock valued at $565,000 after purchasing an additional 1,229 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 1.5 %

Shares of QQQ stock traded up $6.55 during trading hours on Friday, reaching $431.00. The company’s stock had a trading volume of 41,598,392 shares, compared to its average volume of 46,137,730. Invesco QQQ has a fifty-two week low of $315.05 and a fifty-two week high of $449.34. The firm’s 50 day simple moving average is $436.88 and its 200-day simple moving average is $410.11.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

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.