Kingstone Capital Partners Texas LLC Invests $5.07 Million in Invesco QQQ (NASDAQ:QQQ)

Kingstone Capital Partners Texas LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, Holdings Channel reports. The firm acquired 9,919 shares of the exchange traded fund’s stock, valued at approximately $5,071,000. Invesco QQQ comprises approximately 4.1% of Kingstone Capital Partners Texas LLC’s holdings, making the stock its 8th biggest holding.

Several other large investors also recently made changes to their positions in the business. PayPay Securities Corp grew its holdings in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter valued at $36,000. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $37,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $51,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.9%

QQQ opened at $509.24 on Friday. The company has a fifty day simple moving average of $474.84 and a 200 day simple moving average of $500.92. The firm has a market cap of $319.12 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.