KBC Group NV Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

KBC Group NV purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 318 shares of the exchange traded fund’s stock, valued at approximately $163,000.

A number of other institutional investors have also added to or reduced their stakes in QQQ. Union Bancaire Privee UBP SA bought a new stake in shares of Invesco QQQ during the fourth quarter valued at about $14,209,000. Capital Asset Advisory Services LLC grew its holdings in shares of Invesco QQQ by 7.6% during the fourth quarter. Capital Asset Advisory Services LLC now owns 7,265 shares of the exchange traded fund’s stock worth $3,767,000 after purchasing an additional 514 shares in the last quarter. Cathy Pareto & Associates Inc. bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $421,000. Kingswood Wealth Advisors LLC raised its stake in Invesco QQQ by 41.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 57,310 shares of the exchange traded fund’s stock valued at $29,299,000 after purchasing an additional 16,735 shares in the last quarter. Finally, PFG Investments LLC lifted its position in Invesco QQQ by 1.9% during the fourth quarter. PFG Investments LLC now owns 36,180 shares of the exchange traded fund’s stock valued at $18,496,000 after purchasing an additional 681 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $526.85 on Thursday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The company’s fifty day moving average price is $520.08 and its 200-day moving average price is $494.82.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.