Invesco QQQ (NASDAQ:QQQ) Position Increased by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 13.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,042 shares of the exchange traded fund’s stock after buying an additional 485 shares during the period. Invesco QQQ comprises approximately 1.2% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Kapstone Financial Advisors LLC’s holdings in Invesco QQQ were worth $1,967,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the 1st quarter worth approximately $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ in the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ in the 1st quarter worth approximately $40,000. CGC Financial Services LLC boosted its stake in Invesco QQQ by 736.4% in the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, PFG Private Wealth Management LLC boosted its stake in Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 103 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.4 %

QQQ stock traded down $2.03 during midday trading on Thursday, reaching $510.22. The company had a trading volume of 4,149,645 shares, compared to its average volume of 38,082,660. Invesco QQQ has a 1 year low of $382.66 and a 1 year high of $515.58. The company has a 50 day moving average of $487.42 and a two-hundred day moving average of $473.42.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%.

About Invesco QQQ

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.