KM Capital Management Ltd. Buys 1,989 Shares of Invesco QQQ $QQQ

KM Capital Management Ltd. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 10.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,141 shares of the exchange traded fund’s stock after acquiring an additional 1,989 shares during the quarter. Invesco QQQ makes up approximately 5.8% of KM Capital Management Ltd.’s investment portfolio, making the stock its 5th largest position. KM Capital Management Ltd.’s holdings in Invesco QQQ were worth $11,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ during the second quarter valued at $30,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth about $41,000. Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Moser Wealth Advisors LLC grew its position in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 93 shares during the period. Finally, Atlantic Private Wealth LLC increased its stake in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1%

Shares of QQQ stock opened at $608.86 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The business’s 50 day moving average is $605.86 and its two-hundred day moving average is $565.19.

Invesco QQQ Increases Dividend

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

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.