SCS Capital Management LLC Raises Holdings in Invesco QQQ $QQQ

SCS Capital Management LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,970 shares of the exchange traded fund’s stock after purchasing an additional 2,965 shares during the period. SCS Capital Management LLC’s holdings in Invesco QQQ were worth $28,128,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its stake in shares of Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. 1832 Asset Management L.P. grew its position in Invesco QQQ by 100.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock valued at $1,167,000 after buying an additional 40,999,982 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new position in Invesco QQQ in the 2nd quarter valued at $1,236,482,000. JPMorgan Chase & Co. raised its position in Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after buying an additional 1,457,109 shares during the last quarter. Finally, Altimeter Capital Management LP acquired a new stake in shares of Invesco QQQ in the 1st quarter worth $463,293,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ opened at $622.94 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The business has a 50 day simple moving average of $610.95 and a 200-day simple moving average of $575.62.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were paid 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 was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%.

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.