Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Kanawha Capital Management LLC

Kanawha Capital Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 19.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,733 shares of the exchange traded fund's stock after purchasing an additional 1,089 shares during the quarter. Kanawha Capital Management LLC's holdings in Invesco QQQ were worth $3,157,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after purchasing an additional 756,990 shares during the period. PNC Financial Services Group Inc. raised its stake in Invesco QQQ by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock worth $1,593,354,000 after buying an additional 27,115 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after buying an additional 52,235 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Invesco QQQ by 34.8% during the fourth 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 buying an additional 568,120 shares during the period. Finally, GAMMA Investing LLC boosted its position in Invesco QQQ by 55,795.2% during 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 acquiring an additional 1,868,580 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ stock traded up $3.81 during trading on Wednesday, reaching $550.80. 36,407,364 shares of the company traded hands, compared to its average volume of 39,147,852. The business has a 50 day simple moving average of $514.18 and a 200 day simple moving average of $504.17. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $552.80.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

About Invesco QQQ

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.