Kapstone Financial Advisors LLC Sells 62 Shares of Invesco QQQ (NASDAQ:QQQ)

Kapstone Financial Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,844 shares of the exchange traded fund’s stock after selling 62 shares during the quarter. Invesco QQQ comprises 0.9% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Kapstone Financial Advisors LLC’s holdings in Invesco QQQ were worth $1,213,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in QQQ. IMA Wealth Inc. boosted its stake in shares of Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after acquiring an additional 25 shares during the period. S.A. Mason LLC boosted its stake in shares of Invesco QQQ by 1.5% during the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after acquiring an additional 25 shares during the period. Lauterbach Financial Advisors LLC boosted its stake in shares of Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 25 shares during the period. Cedrus LLC boosted its stake in shares of Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 25 shares during the period. Finally, Waterfront Wealth Inc. boosted its stake in shares of Invesco QQQ by 3.1% during the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after acquiring an additional 25 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $6.55 during midday trading on Friday, hitting $431.00. 41,874,907 shares of the company’s stock were exchanged, compared to its average volume of 47,550,872. Invesco QQQ has a 12 month low of $315.05 and a 12 month high of $449.34. The company’s 50 day moving average price is $436.88 and its 200 day moving average price is $410.40.

Invesco QQQ Dividend Announcement

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

Invesco QQQ Company 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.