L.M. Kohn & Company Has $5.07 Million Stock Holdings in Invesco QQQ $QQQ

L.M. Kohn & Company cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,194 shares of the exchange traded fund’s stock after selling 776 shares during the quarter. Invesco QQQ makes up 1.4% of L.M. Kohn & Company’s portfolio, making the stock its 16th largest position. L.M. Kohn & Company’s holdings in Invesco QQQ were worth $5,072,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Brighton Jones LLC increased its stake in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares in the last quarter. Wealth Group Ltd. increased its stake in shares of Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after buying an additional 4,835 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of Invesco QQQ by 7.3% in the first quarter. Golden State Wealth Management LLC now owns 32,742 shares of the exchange traded fund’s stock valued at $15,353,000 after buying an additional 2,241 shares in the last quarter. Finally, WASHINGTON TRUST Co increased its stake in shares of Invesco QQQ by 24.1% in the first quarter. WASHINGTON TRUST Co now owns 856 shares of the exchange traded fund’s stock valued at $401,000 after buying an additional 166 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $632.92 on Wednesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $634.68. The business has a fifty day moving average of $592.90 and a 200-day moving average of $550.17.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%.

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.