Keystone Wealth Services LLC Increases Stake in Invesco QQQ

Keystone Wealth Services LLC has increased its investment in Invesco QQQ (NASDAQ:QQQ) by 15.4% during the fourth quarter, as reported in its latest 13F filing with the SEC. Following the acquisition of an additional 2,946 shares, the firm now holds a total of 22,118 shares of this exchange-traded fund (ETF). Invesco QQQ represents 3.0% of Keystone Wealth Services LLC's overall portfolio, making it their third largest position. As of the most recent filing, the value of Keystone Wealth Services LLC's holdings in Invesco QQQ was approximately $11,307,000.

Increased Holdings by Other Investors

Other institutional investors and hedge funds have also adjusted their positions in Invesco QQQ. For example, Woodley Farra Manion Portfolio Management Inc. raised its stake by 24.8% during the same quarter, now owning 799 shares worth about $408,000 after buying 159 additional shares. Similarly, Fidelis Capital Partners LLC increased its holdings by a significant 143.9%, acquiring 8,168 more shares for a total of 13,845 shares valued at $7,173,000. Gruss & Co. LLC also doubled its investment, owning 3,000 shares after an additional purchase of 1,500 shares worth $1,534,000. Other notable increases include Investment Partners LTD., which boosted its position by 3.7%, and Alesco Advisors LLC, which entered a new position valued at around $378,000. Institutional investors and hedge funds collectively hold approximately 44.58% of Invesco QQQ's stock.

Invesco QQQ Stock Performance

On Monday, shares of Invesco QQQ opened at $508.30, reflecting a 1.6% increase. The ETF has experienced a 12-month low of $413.07 and a peak of $540.81. Current averages show a 50-day moving average at $522.05 and a 200-day moving average at $503.57, with a total market capitalization of $320.36 billion. As of now, the price-to-earnings (P/E) ratio stands at 33.43, with a beta value of 1.11, indicating moderate volatility.

Dividend Announcement

Recently, Invesco QQQ also declared a dividend that was paid out on December 31st. Shareholders recorded on December 23rd received a dividend of $0.8347 per share, with the ex-dividend date being the same day.

About Invesco QQQ

The Invesco QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The investment goal of the Trust is to provide returns that match the performance of the Nasdaq-100 Index, allowing investors to own a proportional share of the securities included in the index.

investment, stocks, ETF