Family Capital Management Inc. Has $20.31 Million Stock Position in Invesco QQQ $QQQ

Family Capital Management Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.2% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 36,812 shares of the exchange traded fund’s stock after buying an additional 1,809 shares during the quarter. Invesco QQQ comprises approximately 10.6% of Family Capital Management Inc.’s portfolio, making the stock its biggest position. Family Capital Management Inc.’s holdings in Invesco QQQ were worth $20,307,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Exencial Wealth Advisors LLC increased its holdings in Invesco QQQ by 6.7% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 17,999 shares of the exchange traded fund’s stock worth $9,929,000 after buying an additional 1,127 shares in the last quarter. Brookstone Capital Management grew its stake in shares of Invesco QQQ by 30.6% during the 2nd quarter. Brookstone Capital Management now owns 446,283 shares of the exchange traded fund’s stock valued at $246,188,000 after purchasing an additional 104,475 shares during the period. Chokshi & Queen Wealth Advisors Inc grew its stake in shares of Invesco QQQ by 3.7% during the 2nd quarter. Chokshi & Queen Wealth Advisors Inc now owns 59,920 shares of the exchange traded fund’s stock valued at $33,054,000 after purchasing an additional 2,134 shares during the period. D.A. Davidson & CO. grew its stake in shares of Invesco QQQ by 8.7% during the 2nd quarter. D.A. Davidson & CO. now owns 175,990 shares of the exchange traded fund’s stock valued at $97,083,000 after purchasing an additional 14,030 shares during the period. Finally, Smith Thornton Advisors LLC grew its stake in shares of Invesco QQQ by 2.3% during the 2nd quarter. Smith Thornton Advisors LLC now owns 5,165 shares of the exchange traded fund’s stock valued at $2,849,000 after purchasing an additional 114 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $611.38 on Wednesday. The business has a 50-day simple moving average of $588.70 and a two-hundred day simple moving average of $543.16. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $613.18.

Invesco QQQ Increases Dividend

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