Invesco QQQ $QQQ is KM Capital Management Ltd.’s 5th Largest Position

KM Capital Management Ltd. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 10.4% during the second quarter, HoldingsChannel reports. The firm owned 21,141 shares of the exchange traded fund’s stock after acquiring an additional 1,989 shares during the period. Invesco QQQ comprises about 5.8% of KM Capital Management Ltd.’s investment portfolio, making the stock its 5th biggest holding. KM Capital Management Ltd.’s holdings in Invesco QQQ were worth $11,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its position in shares of Invesco QQQ by 6.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,101,906 shares of the exchange traded fund’s stock valued at $611,049,000 after acquiring an additional 65,387 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in Invesco QQQ by 7.2% during the second quarter. Kingsview Wealth Management LLC now owns 105,819 shares of the exchange traded fund’s stock worth $58,374,000 after purchasing an additional 7,072 shares during the period. Hedeker Wealth LLC acquired a new position in Invesco QQQ in the 2nd quarter valued at about $200,000. Cercano Management LLC purchased a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $41,409,000. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Invesco QQQ by 4.2% during the 2nd quarter. Avantax Advisory Services Inc. now owns 489,209 shares of the exchange traded fund’s stock worth $269,867,000 after buying an additional 19,531 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1%

Shares of Invesco QQQ stock opened at $608.86 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The stock has a 50 day moving average of $605.86 and a 200 day moving average of $565.19.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a $0.694 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%.

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.