Invesco QQQ $QQQ Shares Acquired by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.6% in the second quarter, Holdings Channel reports. The firm owned 42,169 shares of the exchange traded fund’s stock after purchasing an additional 2,628 shares during the quarter. Invesco QQQ comprises about 3.7% of Capital Advisors Wealth Management LLC’s holdings, making the stock its 8th biggest position. Capital Advisors Wealth Management LLC’s holdings in Invesco QQQ were worth $23,262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the last quarter. North Ridge Wealth Advisors Inc. increased its position in shares of Invesco QQQ by 35.8% during the 1st quarter. North Ridge Wealth Advisors Inc. now owns 167 shares of the exchange traded fund’s stock worth $78,000 after purchasing an additional 44 shares during the last quarter. Geometric Wealth Advisors raised its stake in shares of Invesco QQQ by 8.0% during the 1st quarter. Geometric Wealth Advisors now owns 2,521 shares of the exchange traded fund’s stock worth $1,182,000 after purchasing an additional 187 shares in the last quarter. Finally, Commonwealth Financial Services LLC boosted its holdings in shares of Invesco QQQ by 4.1% in the 1st quarter. Commonwealth Financial Services LLC now owns 56,005 shares of the exchange traded fund’s stock valued at $26,262,000 after buying an additional 2,205 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $622.94 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The firm has a fifty day simple moving average of $610.95 and a 200 day simple moving average of $575.62.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were issued a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.