Davidson Kahn Capital Management LLC Has $14.08 Million Position in Invesco QQQ $QQQ

Davidson Kahn Capital Management LLC boosted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,924 shares of the exchange traded fund’s stock after purchasing an additional 1,420 shares during the quarter. 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Goodman Advisory Group LLC acquired a new position in Invesco QQQ in the third quarter valued at about $25,000. Shcp LLC acquired a new position in Invesco QQQ in the third quarter valued at about $27,000. Measured Wealth Private Client Group LLC acquired a new position in Invesco QQQ in the third quarter valued at about $40,000. PayPay Securities Corp grew its stake in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 30 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Invesco QQQ in the third quarter valued at about $42,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $655.11 on Thursday. Invesco QQQ has a 1 year low of $452.88 and a 1 year high of $655.33. The stock has a 50-day moving average price of $603.84 and a two-hundred day moving average price of $611.68.

Invesco QQQ Cuts Dividend

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

Key Stories Impacting Invesco QQQ

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

About Invesco QQQ

(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

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

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