Invesco QQQ $QQQ Shares Bought by Davidson Kahn Capital Management LLC

Davidson Kahn Capital Management LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,924 shares of the exchange traded fund’s stock after buying an additional 1,420 shares during the period. Invesco QQQ comprises about 7.3% of Davidson Kahn Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Davidson Kahn Capital Management LLC’s holdings in Invesco QQQ were worth $14,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sovran Advisors LLC raised its holdings in Invesco QQQ by 8.0% during the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after acquiring an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC raised its holdings in Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after acquiring an additional 1,436 shares in the last quarter. Great Point Wealth Advisors LLC bought a new stake in Invesco QQQ during the third quarter worth about $507,000. Strengthening Families & Communities LLC bought a new stake in Invesco QQQ during the third quarter worth about $10,771,000. Finally, Cane Capital Partners LLC bought a new stake in Invesco QQQ during the fourth quarter worth about $715,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.7%

QQQ opened at $655.11 on Thursday. Invesco QQQ has a 52-week low of $452.88 and a 52-week high of $655.33. The business’s 50-day simple moving average is $603.84 and its 200 day simple moving average is $611.68.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.4%.

Key Headlines Impacting Invesco QQQ

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

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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