Klingman & Associates LLC Decreases Position in Invesco QQQ $QQQ

Klingman & Associates LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,827 shares of the exchange traded fund’s stock after selling 29 shares during the period. Klingman & Associates LLC’s holdings in Invesco QQQ were worth $1,559,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after purchasing an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at $2,775,904,000. Spear Holdings RSC Ltd purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at $474,600,000. Finally, Altimeter Capital Management LP purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at $463,293,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $611.54 on Tuesday. The stock’s fifty day moving average price is $588.07 and its 200 day moving average price is $542.68. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.