Davidson Kahn Capital Management LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,626 shares of the exchange traded fund's stock after acquiring an additional 2,655 shares during the quarter. Invesco QQQ makes up 6.4% of Davidson Kahn Capital Management LLC's holdings, making the stock its 4th largest holding. Davidson Kahn Capital Management LLC's holdings in Invesco QQQ were worth $8,265,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth $1,018,000. Synergy Investment Management LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth $723,000. Grant Private Wealth Management Inc purchased a new stake in shares of Invesco QQQ during the 4th quarter worth $815,000. Tandem Investment Partners LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth $4,623,000. Finally, Gemsstock Ltd. lifted its stake in shares of Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after purchasing an additional 213,400 shares during the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ opened at $531.65 on Tuesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The business has a fifty day moving average price of $502.05 and a 200 day moving average price of $503.19.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, June 23rd.
Invesco QQQ 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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