KPP Advisory Services LLC Raises Stock Position in Invesco QQQ (NASDAQ:QQQ)

KPP Advisory Services LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,479 shares of the exchange traded fund’s stock after purchasing an additional 1,712 shares during the period. Invesco QQQ comprises 5.1% of KPP Advisory Services LLC’s holdings, making the stock its biggest holding. KPP Advisory Services LLC’s holdings in Invesco QQQ were worth $21,717,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Baskin Financial Services Inc. grew its stake in Invesco QQQ by 11.9% in the 4th quarter. Baskin Financial Services Inc. now owns 1,097 shares of the exchange traded fund’s stock worth $561,000 after acquiring an additional 117 shares in the last quarter. Red Tortoise LLC grew its stake in Invesco QQQ by 47.1% in the 4th quarter. Red Tortoise LLC now owns 153 shares of the exchange traded fund’s stock worth $78,000 after acquiring an additional 49 shares in the last quarter. Cook Wealth LLC bought a new position in Invesco QQQ in the 4th quarter worth about $224,000. CFM Wealth Partners LLC grew its stake in Invesco QQQ by 0.7% in the 4th quarter. CFM Wealth Partners LLC now owns 17,334 shares of the exchange traded fund’s stock worth $8,862,000 after acquiring an additional 125 shares in the last quarter. Finally, CCG Wealth Management LLC grew its stake in Invesco QQQ by 0.3% in the 4th quarter. CCG Wealth Management LLC now owns 8,481 shares of the exchange traded fund’s stock worth $4,336,000 after acquiring an additional 25 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.1 %

NASDAQ QQQ opened at $522.29 on Monday. The firm’s 50 day moving average price is $519.55 and its 200-day moving average price is $494.12. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

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