16,870 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Ascension Capital Advisors Inc.

Ascension Capital Advisors Inc. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,870 shares of the exchange traded fund's stock, valued at approximately $7,911,000. Invesco QQQ comprises 3.6% of Ascension Capital Advisors Inc.'s holdings, making the stock its 11th largest position.

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Invesco QQQ by 34.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after purchasing an additional 568,120 shares during the last quarter. GAMMA Investing LLC boosted its stake in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Invesco QQQ by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock valued at $629,680,000 after buying an additional 14,017 shares in the last quarter. Finally, Senator Investment Group LP bought a new position in Invesco QQQ during the 4th quarter worth $679,936,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded down $2.92 during mid-day trading on Tuesday, hitting $561.25. The company had a trading volume of 42,884,164 shares, compared to its average volume of 39,508,374. Invesco QQQ has a one year low of $402.39 and a one year high of $566.06. The firm has a fifty day moving average price of $534.38 and a 200 day moving average price of $507.13.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.42%. The ex-dividend date is Monday, June 23rd.

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.