Donaldson Capital Management LLC Acquires 5,864 Shares of Invesco QQQ (NASDAQ:QQQ)

Donaldson Capital Management LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 558.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,914 shares of the exchange traded fund’s stock after acquiring an additional 5,864 shares during the period. Donaldson Capital Management LLC’s holdings in Invesco QQQ were worth $3,535,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of QQQ. GAMMA Investing LLC boosted its position in Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after buying an additional 2,059 shares during the last quarter. Principal Financial Group Inc. boosted its position in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after buying an additional 11,351 shares during the last quarter. NRI Wealth Management LC bought a new position in Invesco QQQ in the 4th quarter valued at $28,729,000. Garden State Investment Advisory Services LLC boosted its position in Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after buying an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC boosted its position in Invesco QQQ by 16.8% in the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock valued at $23,165,000 after buying an additional 6,518 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $472.73 on Tuesday. The firm has a market capitalization of $297.94 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The business’s fifty day moving average price is $517.98 and its two-hundred day moving average price is $504.13. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.