KERR FINANCIAL PLANNING Corp Makes New Investment in Invesco QQQ $QQQ

KERR FINANCIAL PLANNING Corp bought a new position in Invesco QQQ (NASDAQ:QQQFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,043 shares of the exchange traded fund’s stock, valued at approximately $4,300,000. Invesco QQQ makes up approximately 6.0% of KERR FINANCIAL PLANNING Corp’s portfolio, making the stock its 2nd largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. Fifth Third Securities Inc. grew its position in shares of Invesco QQQ by 2.6% in the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after buying an additional 2,822 shares during the period. SK Wealth Management LLC purchased a new position in Invesco QQQ during the 3rd quarter valued at about $803,000. Great Point Wealth Advisors LLC purchased a new position in Invesco QQQ during the 3rd quarter valued at about $507,000. Strengthening Families & Communities LLC bought a new stake in Invesco QQQ during the third quarter worth about $10,771,000. Finally, Coyle Financial Counsel LLC boosted its stake in Invesco QQQ by 4.9% during the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after acquiring an additional 2,035 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Stock Performance

Shares of QQQ opened at $594.85 on Thursday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The firm’s 50-day simple moving average is $611.91 and its two-hundred day simple moving average is $609.22.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a $0.7941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

About Invesco QQQ

(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.

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

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