Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Key Client Fiduciary Advisors LLC

Key Client Fiduciary Advisors LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,304 shares of the exchange traded fund’s stock after purchasing an additional 326 shares during the period. Invesco QQQ comprises 1.7% of Key Client Fiduciary Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Key Client Fiduciary Advisors LLC’s holdings in Invesco QQQ were worth $3,499,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC raised its position in shares of Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares during the last quarter. NewEdge Wealth LLC raised its holdings in Invesco QQQ by 502.3% in the 4th quarter. NewEdge Wealth LLC now owns 8,950 shares of the exchange traded fund’s stock valued at $3,665,000 after acquiring an additional 7,464 shares during the last quarter. Graypoint LLC lifted its stake in Invesco QQQ by 4.0% in the 4th quarter. Graypoint LLC now owns 886 shares of the exchange traded fund’s stock worth $363,000 after purchasing an additional 34 shares in the last quarter. Consolidated Portfolio Review Corp boosted its holdings in shares of Invesco QQQ by 2.8% during the 4th quarter. Consolidated Portfolio Review Corp now owns 1,292 shares of the exchange traded fund’s stock worth $529,000 after purchasing an additional 35 shares during the last quarter. Finally, Capital Advisors Inc. OK grew its position in shares of Invesco QQQ by 5.1% in the fourth quarter. Capital Advisors Inc. OK now owns 9,933 shares of the exchange traded fund’s stock valued at $4,068,000 after purchasing an additional 481 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $0.15 during midday trading on Wednesday, hitting $462.73. The company had a trading volume of 34,366,583 shares, compared to its average volume of 41,065,219. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The business’s 50-day simple moving average is $473.90 and its 200-day simple moving average is $451.02.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a $0.7615 dividend. The ex-dividend date of this dividend was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.66%.

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.