Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lessened by Donaldson Capital Management LLC

Donaldson Capital Management LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 908 shares of the exchange traded fund’s stock after selling 60 shares during the quarter. Donaldson Capital Management LLC’s holdings in Invesco QQQ were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Summit X LLC grew its position in Invesco QQQ by 0.4% in the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after buying an additional 24 shares in the last quarter. IMA Wealth Inc. boosted its holdings in shares of Invesco QQQ by 1.3% in the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after acquiring an additional 25 shares in the last quarter. S.A. Mason LLC boosted its holdings in shares of Invesco QQQ by 1.5% in the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after acquiring an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC increased its stake in shares of Invesco QQQ by 0.4% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after acquiring an additional 25 shares during the period. Finally, Cedrus LLC raised its holdings in Invesco QQQ by 1.7% during the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ traded up $6.55 during trading on Friday, reaching $431.00. The stock had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. Invesco QQQ has a 1-year low of $315.05 and a 1-year high of $449.34. The stock has a 50 day moving average of $436.88 and a two-hundred day moving average of $410.11.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.53%.

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.