Invesco QQQ $QQQ Stock Holdings Boosted by Davidson Kahn Capital Management LLC

Davidson Kahn Capital Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 7.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,504 shares of the exchange traded fund’s stock after acquiring an additional 1,417 shares during the period. Invesco QQQ comprises 7.2% of Davidson Kahn Capital Management LLC’s portfolio, making the stock its 3rd largest position. Davidson Kahn Capital Management LLC’s holdings in Invesco QQQ were worth $12,923,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of QQQ. Fifth Third Securities Inc. increased its stake in shares of Invesco QQQ by 2.6% in the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after acquiring an additional 2,822 shares in the last quarter. SK Wealth Management LLC purchased a new stake in Invesco QQQ in the third quarter worth about $803,000. Great Point Wealth Advisors LLC bought a new position in shares of Invesco QQQ during the third quarter valued at approximately $507,000. BCGM Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 13.6% during the second quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after purchasing an additional 3,066 shares during the last quarter. Finally, Gateway Investment Advisers LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth approximately $2,086,000. 44.58% of the stock is owned by institutional investors.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Up 0.3%

QQQ stock opened at $622.72 on Friday. The business has a 50 day moving average of $616.52 and a 200 day moving average of $597.69. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $0.7941 dividend. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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