Kanawha Capital Management LLC Has $3.67 Million Holdings in Invesco QQQ $QQQ

Kanawha Capital Management LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,653 shares of the exchange traded fund’s stock after selling 80 shares during the quarter. Kanawha Capital Management LLC’s holdings in Invesco QQQ were worth $3,670,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC boosted its position in Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after acquiring an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. boosted its position in Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ during the 1st quarter worth about $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its position in Invesco QQQ by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock worth $1,501,063,000 after acquiring an additional 52,234 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after purchasing an additional 54,944 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.7%

QQQ opened at $603.93 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The business has a 50-day moving average of $587.30 and a 200-day moving average of $540.28.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.