Keystone Financial Group Sells 506 Shares of Invesco QQQ (NASDAQ:QQQ)

Keystone Financial Group lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,883 shares of the exchange traded fund’s stock after selling 506 shares during the period. Invesco QQQ makes up about 0.9% of Keystone Financial Group’s portfolio, making the stock its 19th largest holding. Keystone Financial Group’s holdings in Invesco QQQ were worth $5,276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in Invesco QQQ by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Invesco QQQ by 1.2% during the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after buying an additional 52,019 shares during the period. Ameriprise Financial Inc. increased its position in shares of Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after buying an additional 243,305 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Invesco QQQ by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after buying an additional 162,691 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Invesco QQQ by 2.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after buying an additional 43,000 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7 %

Shares of QQQ traded up $3.15 during trading hours on Monday, hitting $454.91. 24,427,121 shares of the stock were exchanged, compared to its average volume of 44,123,770. Invesco QQQ has a fifty-two week low of $329.56 and a fifty-two week high of $455.58. The business has a 50-day moving average of $437.57 and a 200-day moving average of $419.33.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 18th.

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.