Kellett Wealth Advisors LLC Has $7.01 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Kellett Wealth Advisors LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,704 shares of the exchange traded fund’s stock after buying an additional 175 shares during the quarter. Invesco QQQ accounts for about 4.8% of Kellett Wealth Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Kellett Wealth Advisors LLC’s holdings in Invesco QQQ were worth $7,006,000 at the end of the most recent quarter.

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

Invesco QQQ Price Performance

QQQ opened at $513.32 on Wednesday. The firm has a market capitalization of $326.50 billion, a PE ratio of 33.43 and a beta of 1.09. The business’s 50-day moving average is $522.57 and its two-hundred day moving average is $502.54. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.