Kelsey Financial LLC Invests $19.47 Million in Invesco QQQ $QQQ

Kelsey Financial LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,687 shares of the exchange traded fund’s stock, valued at approximately $19,466,000. Invesco QQQ makes up about 16.7% of Kelsey Financial LLC’s investment portfolio, making the stock its largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC purchased a new position in Invesco QQQ during the third quarter valued at approximately $25,000. Shcp LLC purchased a new position in Invesco QQQ during the third quarter valued at approximately $27,000. Navigoe LLC grew its position in Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 45 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Invesco QQQ during the third quarter valued at approximately $40,000. Finally, PayPay Securities Corp grew its position in Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $611.07 on Monday. The company’s 50 day moving average price is $599.35 and its 200 day moving average price is $609.52. Invesco QQQ has a 52 week low of $427.93 and a 52 week high of $637.01.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

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Invesco QQQ Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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