Keel Point LLC Grows Position in Invesco QQQ (NASDAQ:QQQ)

Keel Point LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,145 shares of the exchange traded fund’s stock after buying an additional 829 shares during the period. Invesco QQQ accounts for 0.9% of Keel Point LLC’s investment portfolio, making the stock its 20th biggest position. Keel Point LLC’s holdings in Invesco QQQ were worth $7,431,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC grew its position in shares of Invesco QQQ by 113.5% in the second quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after purchasing an additional 48,423,350 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in Invesco QQQ by 156,045.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after acquiring an additional 43,463,232 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Morgan Stanley boosted its holdings in Invesco QQQ by 10.0% in the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after acquiring an additional 1,533,114 shares during the last quarter. Finally, Granite Bay Wealth Management LLC boosted its holdings in Invesco QQQ by 2,372.7% in the third quarter. Granite Bay Wealth Management LLC now owns 804,357 shares of the exchange traded fund’s stock valued at $298,345,000 after acquiring an additional 771,827 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $7.14 during midday trading on Monday, reaching $431.13. The stock had a trading volume of 49,093,579 shares, compared to its average volume of 45,185,059. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34. The stock has a market capitalization of $251.18 billion, a PE ratio of 35.76 and a beta of 1.28. The stock’s 50-day simple moving average is $438.24 and its 200 day simple moving average is $406.24.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

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.