Koshinski Asset Management Inc. Buys 1,527 Shares of Invesco QQQ (NASDAQ:QQQ)

Koshinski Asset Management Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 30,704 shares of the exchange traded fund's stock after acquiring an additional 1,527 shares during the quarter. Invesco QQQ comprises about 1.2% of Koshinski Asset Management Inc.'s portfolio, making the stock its 13th biggest holding. Koshinski Asset Management Inc.'s holdings in Invesco QQQ were worth $14,398,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. NWI Management LP grew its position in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Invesco QQQ by 55,795.2% during the first 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 in the last quarter. Senator Investment Group LP acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at about $679,936,000. Asset Planning Services Inc. LA ADV grew its holdings in shares of Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after purchasing an additional 931,801 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after buying an additional 756,990 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.8%

QQQ traded down $4.65 during trading on Tuesday, reaching $546.99. 56,013,259 shares of the company's stock were exchanged, compared to its average volume of 39,100,962. The firm has a fifty day moving average price of $512.13 and a two-hundred day moving average price of $503.87. Invesco QQQ has a one year low of $402.39 and a one year high of $552.80.

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 dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

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.