Kingstone Capital Partners Texas LLC Acquires Shares of 9,919 Invesco QQQ (NASDAQ:QQQ)

Kingstone Capital Partners Texas LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,919 shares of the exchange traded fund’s stock, valued at approximately $5,071,000. Invesco QQQ accounts for 4.1% of Kingstone Capital Partners Texas LLC’s investment portfolio, making the stock its 8th biggest position.

Other institutional investors also recently bought and sold shares of the company. Synergy Investment Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $723,000. Grant Private Wealth Management Inc purchased a new stake in Invesco QQQ during the fourth quarter worth about $815,000. Tandem Investment Partners LLC purchased a new stake in Invesco QQQ during the fourth quarter worth about $4,623,000. Gemsstock Ltd. boosted its holdings in Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after buying an additional 213,400 shares in the last quarter. Finally, Wescott Financial Advisory Group LLC lifted its holdings in shares of Invesco QQQ by 1.8% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund’s stock valued at $75,071,000 after purchasing an additional 2,600 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $509.24 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a market capitalization of $319.12 billion, a PE ratio of 30.62 and a beta of 1.11. The firm’s 50-day moving average is $474.84 and its two-hundred day moving average is $500.92.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was 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.