Invesco QQQ $QQQ Stock Position Lifted by Family Capital Management Inc.

Family Capital Management Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,812 shares of the exchange traded fund’s stock after buying an additional 1,809 shares during the period. Invesco QQQ accounts for 10.6% of Family Capital Management Inc.’s portfolio, making the stock its biggest holding. Family Capital Management Inc.’s holdings in Invesco QQQ were worth $20,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC lifted its position 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 buying an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. lifted its position 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 buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. purchased a new position in shares of Invesco QQQ during the 1st quarter valued at about $2,775,904,000. Spear Holdings RSC Ltd purchased a new position in Invesco QQQ in the 1st quarter worth approximately $474,600,000. Finally, Altimeter Capital Management LP purchased a new position in Invesco QQQ in the 1st quarter worth approximately $463,293,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $611.38 on Wednesday. The stock’s 50 day moving average is $588.70 and its 200 day moving average is $543.16. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a boost 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.