Renaissance Investment Group LLC grew its position in Invesco QQQ Trust (NASDAQ:QQQ) by 3.0% during the first quarter, HoldingsChannel reports. The firm owned 1,851 shares of the exchange traded fund’s stock after buying an additional 54 shares during the quarter. Renaissance Investment Group LLC’s holdings in Invesco QQQ Trust were worth $333,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Providence Wealth Advisors LLC increased its position in shares of Invesco QQQ Trust by 7.3% in the first quarter. Providence Wealth Advisors LLC now owns 14,332 shares of the exchange traded fund’s stock valued at $2,602,000 after acquiring an additional 970 shares during the last quarter. First Manhattan Co. increased its position in shares of Invesco QQQ Trust by 8.3% in the fourth quarter. First Manhattan Co. now owns 6,929 shares of the exchange traded fund’s stock valued at $1,069,000 after acquiring an additional 530 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Invesco QQQ Trust by 10.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 10,931 shares of the exchange traded fund’s stock valued at $1,763,000 after acquiring an additional 1,010 shares during the last quarter. Whitnell & Co. increased its position in shares of Invesco QQQ Trust by 306.1% in the fourth quarter. Whitnell & Co. now owns 796 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 600 shares during the last quarter. Finally, Heritage Wealth Advisors acquired a new stake in shares of Invesco QQQ Trust in the fourth quarter valued at about $159,000. Institutional investors own 47.22% of the company’s stock.

NASDAQ:QQQ opened at $187.39 on Friday. Invesco QQQ Trust has a 52-week low of $143.46 and a 52-week high of $187.93.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a $0.3242 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, March 18th.

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Invesco QQQ Trust 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.

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

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