Invesco QQQ $QQQ Holdings Lifted by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,767 shares of the exchange traded fund’s stock after purchasing an additional 858 shares during the period. Invesco QQQ accounts for 3.9% of Capital Advisors Wealth Management LLC’s holdings, making the stock its 7th biggest holding. Capital Advisors Wealth Management LLC’s holdings in Invesco QQQ were worth $28,730,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in QQQ. Goodman Advisory Group LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter worth approximately $25,000. Shcp LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter worth approximately $27,000. Navigoe LLC raised its holdings in shares of Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 45 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter worth approximately $40,000. Finally, PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 30 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.6%

Shares of QQQ opened at $588.50 on Tuesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The business’s 50 day simple moving average is $601.34 and its 200-day simple moving average is $609.38.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a 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.