Kapstone Financial Advisors LLC Has $2.60 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Kapstone Financial Advisors LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 23.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,996 shares of the exchange traded fund’s stock after purchasing an additional 954 shares during the quarter. Invesco QQQ comprises approximately 1.4% of Kapstone Financial Advisors LLC’s holdings, making the stock its 15th largest holding. Kapstone Financial Advisors LLC’s holdings in Invesco QQQ were worth $2,602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. GAMMA Investing LLC boosted its holdings in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after acquiring an additional 11,351 shares during the period. Socha Financial Group LLC boosted its stake in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after acquiring an additional 2,171 shares during the last quarter. NRI Wealth Management LC acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC increased its stake in Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after purchasing an additional 3,581 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 2.2 %

Shares of NASDAQ QQQ opened at $497.05 on Tuesday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The stock has a market cap of $313.27 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The company’s fifty day moving average is $521.53 and its 200-day moving average is $503.73.

Invesco QQQ Dividend Announcement

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

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.