KMG Fiduciary Partners LLC Has $369,000 Position in Invesco QQQ (NASDAQ:QQQ)

KMG Fiduciary Partners LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 756 shares of the exchange traded fund’s stock after buying an additional 51 shares during the period. KMG Fiduciary Partners LLC’s holdings in Invesco QQQ were worth $369,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Atwater Malick LLC bought a new stake in Invesco QQQ during the first quarter worth $293,000. Westwood Holdings Group Inc. grew its stake in shares of Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares in the last quarter. Socha Financial Group LLC grew its stake in shares of Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock worth $39,494,000 after acquiring an additional 1,153 shares in the last quarter. SVB Wealth LLC raised its holdings in shares of Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after purchasing an additional 2,453 shares during the last quarter. Finally, WFA Asset Management Corp lifted its position in shares of Invesco QQQ by 70.6% during the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock valued at $2,032,000 after purchasing an additional 1,894 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $494.47 on Friday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52. The firm’s 50-day simple moving average is $477.68 and its 200 day simple moving average is $464.99.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a $0.677 dividend. This represents a $2.71 annualized dividend and a dividend 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.