Invesco QQQ (NASDAQ:QQQ) Shares Bought by Davidson Capital Management Inc.

Davidson Capital Management Inc. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,613 shares of the exchange traded fund’s stock after buying an additional 3,765 shares during the period. Invesco QQQ comprises 6.8% of Davidson Capital Management Inc.’s holdings, making the stock its 4th largest position. Davidson Capital Management Inc.’s holdings in Invesco QQQ were worth $23,727,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of QQQ. International Assets Investment Management LLC increased its stake in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares during the last quarter. Steel Grove Capital Advisors LLC lifted its holdings in Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after buying an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after buying an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC boosted its position in shares of Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares in the last quarter. Finally, Harvard Management Co. Inc. bought a new position in shares of Invesco QQQ during the 1st quarter worth about $304,591,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.5 %

Shares of QQQ traded up $2.61 on Tuesday, reaching $498.01. The company’s stock had a trading volume of 8,837,643 shares, compared to its average volume of 38,599,094. Invesco QQQ has a twelve month low of $346.45 and a twelve month high of $503.52. The firm has a fifty day moving average of $480.79 and a 200-day moving average of $467.41.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.54%.

Invesco QQQ 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.