Keystone Wealth Services LLC Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Keystone Wealth Services LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 15.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 22,118 shares of the exchange traded fund’s stock after purchasing an additional 2,946 shares during the quarter. Invesco QQQ accounts for approximately 3.0% of Keystone Wealth Services LLC’s portfolio, making the stock its 3rd biggest holding. Keystone Wealth Services LLC’s holdings in Invesco QQQ were worth $11,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. PayPay Securities Corp raised its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at about $37,000. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth about $51,000. Finally, Legacy Bridge LLC grew its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.6 %

Invesco QQQ stock opened at $508.30 on Monday. The company’s 50-day moving average price is $522.05 and its two-hundred day moving average price is $503.57. The stock has a market cap of $320.36 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ 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.