Kaye Capital Management Lowers Stock Holdings in Invesco QQQ $QQQ

Kaye Capital Management cut its stake in Invesco QQQ (NASDAQ:QQQ) by 7.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,646 shares of the exchange traded fund’s stock after selling 3,136 shares during the period. Invesco QQQ comprises approximately 8.0% of Kaye Capital Management’s holdings, making the stock its 3rd largest holding. Kaye Capital Management’s holdings in Invesco QQQ were worth $20,767,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the second quarter valued at $30,000. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ in the second quarter valued at about $41,000. Moser Wealth Advisors LLC grew its stake in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 93 shares during the last quarter. Atlantic Private Wealth LLC increased its holdings in shares of 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 worth $58,000 after buying an additional 120 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of Invesco QQQ during the first quarter worth approximately $70,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $590.07 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The business’s 50 day simple moving average is $607.15 and its 200-day simple moving average is $569.73.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.