Invesco QQQ (NASDAQ:QQQ) is KM Capital Management Ltd.’s 5th Largest Position

KM Capital Management Ltd. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 12.9% in the 4th quarter, Holdings Channel reports. The fund owned 28,833 shares of the exchange traded fund’s stock after acquiring an additional 3,290 shares during the period. Invesco QQQ accounts for about 6.8% of KM Capital Management Ltd.’s investment portfolio, making the stock its 5th biggest position. KM Capital Management Ltd.’s holdings in Invesco QQQ were worth $11,808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Altfest L J & Co. Inc. grew its position in shares of Invesco QQQ by 1,139.0% during the fourth quarter. Altfest L J & Co. Inc. now owns 42,288 shares of the exchange traded fund’s stock worth $17,318,000 after buying an additional 38,875 shares in the last quarter. Sage Financial Group Inc. boosted its stake in Invesco QQQ by 56.4% during the 4th quarter. Sage Financial Group Inc. now owns 1,528 shares of the exchange traded fund’s stock valued at $626,000 after acquiring an additional 551 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in Invesco QQQ during the 4th quarter valued at $246,000. Procyon Advisors LLC grew its holdings in Invesco QQQ by 4.9% during the 4th quarter. Procyon Advisors LLC now owns 3,095 shares of the exchange traded fund’s stock worth $1,267,000 after acquiring an additional 144 shares in the last quarter. Finally, Parisi Gray Wealth Management increased its position in shares of Invesco QQQ by 0.7% in the 4th quarter. Parisi Gray Wealth Management now owns 47,640 shares of the exchange traded fund’s stock worth $19,510,000 after purchasing an additional 308 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $0.22 during trading on Wednesday, reaching $443.10. The company had a trading volume of 22,630,268 shares, compared to its average volume of 44,797,934. Invesco QQQ has a fifty-two week low of $304.77 and a fifty-two week high of $449.34. The firm’s fifty day moving average is $432.41 and its 200-day moving average is $398.85.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

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.