KFG Wealth Management LLC Sells 2,997 Shares of Invesco QQQ (NASDAQ:QQQ)

KFG Wealth Management LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,705 shares of the exchange traded fund’s stock after selling 2,997 shares during the quarter. Invesco QQQ comprises about 2.7% of KFG Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. KFG Wealth Management LLC’s holdings in Invesco QQQ were worth $14,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in Invesco QQQ by 332.0% in the 2nd quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after acquiring an additional 9,254 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Invesco QQQ by 28.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock worth $33,772,000 after buying an additional 15,648 shares in the last quarter. Scientech Research LLC bought a new stake in Invesco QQQ during the second quarter worth approximately $1,086,000. Beaird Harris Wealth Management LLC grew its position in Invesco QQQ by 15.0% in the second quarter. Beaird Harris Wealth Management LLC now owns 859 shares of the exchange traded fund’s stock worth $412,000 after buying an additional 112 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group increased its holdings in shares of Invesco QQQ by 6,597.8% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 62,290 shares of the exchange traded fund’s stock valued at $29,844,000 after buying an additional 61,360 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $529.63 on Friday. The business has a fifty day simple moving average of $517.86 and a 200-day simple moving average of $493.31. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. 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.