KM Capital Management Ltd. reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 15.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,152 shares of the exchange traded fund's stock after selling 3,588 shares during the quarter. Invesco QQQ makes up approximately 4.8% 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 $8,981,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ during the fourth quarter valued at about $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ during the first quarter valued at about $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ during the first quarter valued at about $51,000. Finally, Banque Transatlantique SA purchased a new position in shares of Invesco QQQ during the fourth quarter valued at about $57,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Trading Down 0.1%
Shares of Invesco QQQ stock traded down $0.54 during trading on Friday, reaching $561.26. 50,428,921 shares of the stock traded hands, compared to its average volume of 39,544,204. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $563.36. The business has a fifty day simple moving average of $532.92 and a two-hundred day simple moving average of $506.84.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.42%.
Invesco QQQ Company Profile
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Free Report)
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.
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