L.M. Kohn & Company Increases Holdings in Invesco QQQ (NASDAQ:QQQ)

L.M. Kohn & Company increased its position in Invesco QQQ (NASDAQ:QQQ) by 94.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,223 shares of the exchange traded fund’s stock after acquiring an additional 5,458 shares during the period. Invesco QQQ comprises about 1.5% of L.M. Kohn & Company’s investment portfolio, making the stock its 13th biggest holding. L.M. Kohn & Company’s holdings in Invesco QQQ were worth $5,737,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. SOA Wealth Advisors LLC. boosted its stake in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after acquiring an additional 46 shares during the last quarter. Well Done LLC raised its holdings in Invesco QQQ by 0.9% in the 3rd quarter. Well Done LLC now owns 2,586 shares of the exchange traded fund’s stock worth $1,262,000 after purchasing an additional 24 shares during the period. Sonoma Private Wealth LLC lifted its position in Invesco QQQ by 8.6% during the third quarter. Sonoma Private Wealth LLC now owns 492 shares of the exchange traded fund’s stock valued at $240,000 after purchasing an additional 39 shares in the last quarter. M3 Advisory Group LLC lifted its position in Invesco QQQ by 1.4% during the third quarter. M3 Advisory Group LLC now owns 14,144 shares of the exchange traded fund’s stock valued at $6,903,000 after purchasing an additional 193 shares in the last quarter. Finally, Stonegate Investment Group LLC grew its holdings in Invesco QQQ by 0.4% during the third quarter. Stonegate Investment Group LLC now owns 33,494 shares of the exchange traded fund’s stock valued at $16,347,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

NASDAQ QQQ opened at $538.15 on Friday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The stock’s 50-day moving average price is $522.38 and its 200-day moving average price is $497.86.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid 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.