Invesco QQQ $QQQ is EMC Capital Management’s 2nd Largest Position

EMC Capital Management increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 44.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,774 shares of the exchange traded fund’s stock after purchasing an additional 18,008 shares during the quarter. Invesco QQQ accounts for 17.5% of EMC Capital Management’s portfolio, making the stock its 2nd biggest holding. EMC Capital Management’s holdings in Invesco QQQ were worth $32,422,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Morgan Dempsey Capital Management LLC purchased a new position in Invesco QQQ in the 2nd quarter worth about $30,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ during the 2nd quarter valued at about $41,000. Moser Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares during the period. Blume Capital Management Inc. raised its holdings in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC lifted its position in Invesco QQQ by 3,000.0% during the first 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 during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $596.31 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The firm’s 50 day moving average is $606.67 and its 200 day moving average is $567.44.

Invesco QQQ Increases Dividend

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

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.