Kestra Private Wealth Services LLC Boosts Position in Invesco QQQ (NASDAQ:QQQ)

Kestra Private Wealth Services LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 33.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,858 shares of the exchange traded fund’s stock after buying an additional 18,850 shares during the quarter. Invesco QQQ makes up approximately 0.8% of Kestra Private Wealth Services LLC’s portfolio, making the stock its 16th biggest holding. Kestra Private Wealth Services LLC’s holdings in Invesco QQQ were worth $30,656,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of Invesco QQQ in the third quarter worth approximately $173,000. Whelan Financial grew its position in Invesco QQQ by 3.2% in the third quarter. Whelan Financial now owns 1,185 shares of the exchange traded fund’s stock worth $424,000 after acquiring an additional 37 shares in the last quarter. Cavalier Investments LLC increased its stake in Invesco QQQ by 67.2% in the third quarter. Cavalier Investments LLC now owns 40,404 shares of the exchange traded fund’s stock valued at $14,476,000 after acquiring an additional 16,233 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Invesco QQQ by 5.2% during the third quarter. Commonwealth Equity Services LLC now owns 2,312,133 shares of the exchange traded fund’s stock valued at $828,368,000 after purchasing an additional 114,095 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA lifted its stake in Invesco QQQ by 1.7% during the third quarter. LFA Lugano Financial Advisors SA now owns 4,196 shares of the exchange traded fund’s stock worth $1,503,000 after purchasing an additional 70 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded up $1.75 during trading on Monday, hitting $432.75. 29,370,162 shares of the stock traded hands, compared to its average volume of 45,941,555. The firm’s fifty day moving average is $436.92 and its 200-day moving average is $411.12. Invesco QQQ has a 52 week low of $315.11 and a 52 week high of $449.34.

Invesco QQQ Announces Dividend

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

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.