Key Client Fiduciary Advisors LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Key Client Fiduciary Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,922 shares of the exchange traded fund’s stock after purchasing an additional 618 shares during the quarter. Invesco QQQ accounts for about 1.7% of Key Client Fiduciary Advisors LLC’s holdings, making the stock its 11th biggest holding. Key Client Fiduciary Advisors LLC’s holdings in Invesco QQQ were worth $3,866,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Atwater Malick LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at about $293,000. Westwood Holdings Group Inc. raised its position in Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after buying an additional 1,993 shares during the last quarter. Socha Financial Group LLC lifted its position in Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after purchasing an additional 1,153 shares during the period. SVB Wealth LLC raised its position in Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares in the last quarter. Finally, WFA Asset Management Corp lifted its stake in shares of Invesco QQQ by 70.6% in the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after purchasing an additional 1,894 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

NASDAQ:QQQ opened at $494.47 on Friday. The stock has a fifty day simple moving average of $477.68 and a 200-day simple moving average of $464.99. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

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.