Kavar Capital Partners Group LLC Acquires 65 Shares of Invesco QQQ (NASDAQ:QQQ)

Kavar Capital Partners Group LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,026 shares of the exchange traded fund’s stock after acquiring an additional 65 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Invesco QQQ were worth $481,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Pure Financial Advisors LLC grew its holdings in shares of Invesco QQQ by 1.7% in the first quarter. Pure Financial Advisors LLC now owns 15,584 shares of the exchange traded fund’s stock worth $7,308,000 after purchasing an additional 255 shares during the last quarter. SOL Capital Management CO boosted its position in Invesco QQQ by 5.1% during the 1st quarter. SOL Capital Management CO now owns 39,105 shares of the exchange traded fund’s stock valued at $18,337,000 after buying an additional 1,880 shares during the period. Security National Bank grew its holdings in Invesco QQQ by 43.2% in the 1st quarter. Security National Bank now owns 2,068 shares of the exchange traded fund’s stock worth $970,000 after acquiring an additional 624 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in Invesco QQQ by 0.5% in the 1st quarter. Perigon Wealth Management LLC now owns 176,082 shares of the exchange traded fund’s stock worth $82,568,000 after acquiring an additional 925 shares during the last quarter. Finally, White Pine Investment CO increased its position in shares of Invesco QQQ by 1.7% in the first quarter. White Pine Investment CO now owns 12,243 shares of the exchange traded fund’s stock valued at $5,741,000 after acquiring an additional 205 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.3%

Invesco QQQ stock opened at $541.16 on Thursday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $543.31. The firm has a 50-day moving average of $505.63 and a 200-day moving average of $503.71.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.44%.

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.