Davidson Capital Management Inc. Has $29 Million Holdings in Invesco QQQ $QQQ

Davidson Capital Management Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 27.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 52,570 shares of the exchange traded fund’s stock after acquiring an additional 11,222 shares during the period. Invesco QQQ accounts for 7.0% of Davidson Capital Management Inc.’s portfolio, making the stock its 5th largest position. Davidson Capital Management Inc.’s holdings in Invesco QQQ were worth $29,000,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ during the second quarter worth $30,000. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ in the 2nd quarter valued at $41,000. Moser Wealth Advisors LLC grew its position in Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the last quarter. Blume Capital Management Inc. grew its position in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC increased its holdings in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 2.2%

Shares of QQQ opened at $623.23 on Tuesday. The company has a 50-day simple moving average of $602.40 and a 200-day simple moving average of $561.85. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a $0.694 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.4%.

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.