Key Client Fiduciary Advisors LLC Purchases 343 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Client Fiduciary Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.3% in the fourth quarter, Holdings Channel reports. The fund owned 8,265 shares of the exchange traded fund’s stock after purchasing an additional 343 shares during the quarter. Invesco QQQ accounts for approximately 1.9% of Key Client Fiduciary Advisors LLC’s portfolio, making the stock its 11th largest position. Key Client Fiduciary Advisors LLC’s holdings in Invesco QQQ were worth $4,226,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Seros Financial LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at $13,649,000. Marks Wealth LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth $27,064,000. Private Wealth Group LLC boosted its position in Invesco QQQ by 8.5% during the fourth quarter. Private Wealth Group LLC now owns 5,252 shares of the exchange traded fund’s stock valued at $2,685,000 after purchasing an additional 411 shares in the last quarter. Arkansas Financial Group Inc. grew its stake in Invesco QQQ by 34.8% in the fourth quarter. Arkansas Financial Group Inc. now owns 50,674 shares of the exchange traded fund’s stock valued at $25,906,000 after purchasing an additional 13,093 shares during the last quarter. Finally, Madrona Financial Services LLC raised its holdings in Invesco QQQ by 17.8% in the fourth quarter. Madrona Financial Services LLC now owns 75,751 shares of the exchange traded fund’s stock worth $38,726,000 after purchasing an additional 11,434 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $532.64 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The firm has a 50-day simple moving average of $516.72 and a two-hundred day simple moving average of $492.81.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 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.