Cape Investment Advisory Inc. Sells 1,665 Shares of Invesco QQQ (NASDAQ:QQQ)

Cape Investment Advisory Inc. lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 37.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,760 shares of the exchange traded fund’s stock after selling 1,665 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Invesco QQQ were worth $1,130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Summit X LLC grew its holdings in shares of Invesco QQQ by 0.4% during the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after purchasing an additional 24 shares in the last quarter. IMA Wealth Inc. grew its holdings in shares of Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 25 shares in the last quarter. S.A. Mason LLC grew its holdings in shares of Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after purchasing an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC grew its holdings in shares of Invesco QQQ by 0.4% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after purchasing an additional 25 shares in the last quarter. Finally, Cedrus LLC lifted its position in Invesco QQQ by 1.7% in the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after buying an additional 25 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock traded up $4.29 during midday trading on Friday, hitting $457.95. The company had a trading volume of 29,669,461 shares, compared to its average volume of 33,694,408. Invesco QQQ has a 52 week low of $336.67 and a 52 week high of $460.58. The stock’s 50 day moving average price is $439.25 and its 200 day moving average price is $422.03.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.50%.

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.