Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Key Client Fiduciary Advisors LLC

Key Client Fiduciary Advisors LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,922 shares of the exchange traded fund’s stock after purchasing an additional 618 shares during the quarter. Invesco QQQ makes up 1.7% of Key Client Fiduciary Advisors LLC’s portfolio, making the stock its 11th biggest holding. Key Client Fiduciary Advisors LLC’s holdings in Invesco QQQ were worth $3,866,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in QQQ. Prospect Financial Services LLC increased its holdings in shares of Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after purchasing an additional 21 shares during the period. Skyline Advisors Inc. increased its stake in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after buying an additional 21 shares during the period. Sweeney & Michel LLC lifted its position in Invesco QQQ by 4.0% in the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 22 shares in the last quarter. Family Firm Inc. lifted its position in Invesco QQQ by 3.1% in the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after buying an additional 22 shares in the last quarter. Finally, Merriman Wealth Management LLC boosted its stake in shares of Invesco QQQ by 0.5% during the 2nd quarter. Merriman Wealth Management LLC now owns 5,044 shares of the exchange traded fund’s stock valued at $2,420,000 after buying an additional 23 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.7 %

NASDAQ QQQ opened at $494.47 on Friday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The firm’s fifty day simple moving average is $477.68 and its 200-day simple moving average is $464.99.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 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.