Invesco QQQ (NASDAQ:QQQ) is Kennicott Capital Management LLC’s 2nd Largest Position

Kennicott Capital Management LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% in the 4th quarter, HoldingsChannel reports. The firm owned 105,162 shares of the exchange traded fund’s stock after selling 339 shares during the quarter. Invesco QQQ accounts for approximately 21.3% of Kennicott Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Kennicott Capital Management LLC’s holdings in Invesco QQQ were worth $43,066,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. 180 Wealth Advisors LLC increased its holdings in Invesco QQQ by 1.2% in the 3rd quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after acquiring an additional 29 shares during the last quarter. Bank Hapoalim BM increased its holdings in Invesco QQQ by 6.3% in the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after acquiring an additional 4,549 shares during the last quarter. Goodwin Daniel L increased its holdings in Invesco QQQ by 76.1% in the 3rd quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock worth $2,069,000 after acquiring an additional 2,495 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Invesco QQQ by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Finally, VitalStone Financial LLC increased its holdings in Invesco QQQ by 302.0% in the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after acquiring an additional 16,079 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.5 %

QQQ traded up $6.25 during trading hours on Tuesday, hitting $425.07. The stock had a trading volume of 44,085,762 shares, compared to its average volume of 46,010,473. The company’s fifty day simple moving average is $437.20 and its 200 day simple moving average is $409.44. Invesco QQQ has a 1 year low of $309.89 and a 1 year high of $449.34.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

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.