Invesco QQQ (NASDAQ:QQQ) Holdings Raised by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 243.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,285 shares of the exchange traded fund’s stock after purchasing an additional 27,142 shares during the quarter. Invesco QQQ makes up about 3.5% of Capital Advisors Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Capital Advisors Wealth Management LLC’s holdings in Invesco QQQ were worth $16,999,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in QQQ. Deane Retirement Strategies Inc. purchased a new position in shares of Invesco QQQ in the first quarter worth about $29,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. Red Tortoise LLC lifted its position in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares in the last quarter. Robinson Capital Management LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter worth $40,000. Finally, Friedenthal Financial acquired a new position in shares of Invesco QQQ during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $2.16 during mid-day trading on Tuesday, hitting $476.12. The stock had a trading volume of 2,865,634 shares, compared to its average volume of 41,172,934. The firm has a 50-day moving average of $450.34 and a two-hundred day moving average of $434.44. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $486.86.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a $0.7615 dividend. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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