Kanawha Capital Management LLC Sells 72 Shares of Invesco QQQ (NASDAQ:QQQ)

Kanawha Capital Management LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,601 shares of the exchange traded fund’s stock after selling 72 shares during the quarter. Kanawha Capital Management LLC’s holdings in Invesco QQQ were worth $2,734,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Prospect Financial Services LLC lifted its position in Invesco QQQ by 0.3% during the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after purchasing an additional 21 shares during the period. Skyline Advisors Inc. boosted its stake in shares of Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after buying an additional 21 shares during the last quarter. Sweeney & Michel LLC boosted its stake in shares of Invesco QQQ by 4.0% in the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after buying an additional 22 shares during the last quarter. Family Firm Inc. grew its holdings in Invesco QQQ by 3.1% during the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after acquiring an additional 22 shares during the period. Finally, MPS Loria Financial Planners LLC raised its position in Invesco QQQ by 0.8% during the third quarter. MPS Loria Financial Planners LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $1,297,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $487.43 on Monday. Invesco QQQ has a 12 month low of $360.30 and a 12 month high of $503.52. The stock’s 50 day simple moving average is $481.80 and its two-hundred day simple moving average is $469.11.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, September 23rd.

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.