Invesco QQQ (NASDAQ:QQQ) is KPP Advisory Services LLC’s Largest Position

KPP Advisory Services LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 4.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 42,479 shares of the exchange traded fund’s stock after buying an additional 1,712 shares during the period. Invesco QQQ makes up 5.1% of KPP Advisory Services LLC’s investment portfolio, making the stock its largest position. KPP Advisory Services LLC’s holdings in Invesco QQQ were worth $21,717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Baskin Financial Services Inc. raised its holdings in shares of Invesco QQQ by 11.9% in the fourth quarter. Baskin Financial Services Inc. now owns 1,097 shares of the exchange traded fund’s stock worth $561,000 after buying an additional 117 shares during the last quarter. Red Tortoise LLC raised its holdings in shares of Invesco QQQ by 47.1% in the fourth quarter. Red Tortoise LLC now owns 153 shares of the exchange traded fund’s stock worth $78,000 after buying an additional 49 shares during the last quarter. Cook Wealth LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth $224,000. CFM Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 0.7% in the fourth quarter. CFM Wealth Partners LLC now owns 17,334 shares of the exchange traded fund’s stock worth $8,862,000 after buying an additional 125 shares during the last quarter. Finally, CCG Wealth Management LLC raised its holdings in shares of Invesco QQQ by 0.3% in the fourth quarter. CCG Wealth Management LLC now owns 8,481 shares of the exchange traded fund’s stock worth $4,336,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1 %

NASDAQ QQQ opened at $522.29 on Monday. The company has a fifty day simple moving average of $519.55 and a two-hundred day simple moving average of $494.12. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date 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.