Kathmere Capital Management LLC Acquires Shares of 730 Invesco QQQ (NASDAQ:QQQ)

Kathmere Capital Management LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 730 shares of the exchange traded fund’s stock, valued at approximately $373,000.

Other institutional investors have also modified their holdings of the company. Legacy Bridge LLC increased its stake in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ in the 3rd quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the last quarter. Pacifica Partners Inc. bought a new position in shares of Invesco QQQ during the fourth quarter worth about $73,000. Finally, Providence Capital Advisors LLC bought a new stake in Invesco QQQ in the second quarter valued at about $76,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $513.08 on Friday. The stock’s 50 day moving average price is $515.79 and its two-hundred day moving average price is $491.65. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

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