Klingman & Associates LLC Lowers Holdings in Invesco QQQ $QQQ

Klingman & Associates LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% in the second quarter, according to its most recent Form 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 quarter. Klingman & Associates LLC’s holdings in Invesco QQQ were worth $1,559,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ in the 2nd quarter worth $30,000. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ in the 2nd quarter valued at about $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $51,000. Finally, Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 105.0% in the 1st 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. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $611.54 on Tuesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The firm has a 50-day simple moving average of $588.07 and a two-hundred day simple moving average of $542.68.

Invesco QQQ Increases Dividend

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

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.