Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Kensington Asset Management LLC

Kensington Asset Management LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 807,758 shares of the exchange traded fund's stock after purchasing an additional 123,604 shares during the quarter. Invesco QQQ makes up about 24.2% of Kensington Asset Management LLC's holdings, making the stock its biggest position. Kensington Asset Management LLC owned 0.13% of Invesco QQQ worth $412,950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Proficio Capital Partners LLC grew its stake in Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after buying an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after acquiring an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. increased its position in Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after acquiring an additional 27,115 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Invesco QQQ by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after purchasing an additional 52,235 shares during the period. Finally, CHURCHILL MANAGEMENT Corp raised its stake in shares of Invesco QQQ by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund's stock worth $940,676,000 after purchasing an additional 13,772 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 2.5 %

NASDAQ:QQQ traded up $11.45 during midday trading on Thursday, reaching $466.01. The stock had a trading volume of 27,364,602 shares, compared to its average volume of 36,535,709. The stock has a market cap of $298.20 billion, a P/E ratio of 28.58 and a beta of 1.11. The firm has a fifty day simple moving average of $477.15 and a two-hundred day simple moving average of $500.25. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

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.