Keystone Financial Group Makes New $9.15 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Keystone Financial Group purchased a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 17,898 shares of the exchange traded fund's stock, valued at approximately $9,150,000. Invesco QQQ makes up 0.9% of Keystone Financial Group's portfolio, making the stock its 19th largest position.

Several other large investors have also recently modified their holdings of QQQ. Proficio Capital Partners LLC raised its position in Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after buying an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC grew its holdings in Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after purchasing an additional 895,277 shares during the last quarter. Anchor Capital Management Group Inc purchased a new position in Invesco QQQ during the 4th quarter worth $174,214,000. Finally, Cibc World Market Inc. increased its holdings in shares of Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund's stock valued at $350,764,000 after acquiring an additional 324,948 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.1 %

Shares of NASDAQ QQQ traded down $0.36 during midday trading on Thursday, reaching $443.82. The company had a trading volume of 44,745,116 shares, compared to its average volume of 36,747,518. The business's 50-day simple moving average is $485.93 and its 200 day simple moving average is $501.62. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock has a market cap of $284.56 billion, a P/E ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.