Invesco QQQ $QQQ Shares Bought by Capital Investment Advisors LLC

Capital Investment Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 18.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 27,277 shares of the exchange traded fund’s stock after buying an additional 4,255 shares during the quarter. Capital Investment Advisors LLC’s holdings in Invesco QQQ were worth $16,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ in the 2nd quarter worth approximately $30,000. Navigoe LLC lifted its stake 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 purchasing an additional 45 shares during the period. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the second quarter worth $41,000. PayPay Securities Corp grew its position in shares of Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Invesco QQQ in the third quarter valued at $42,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6%

NASDAQ QQQ opened at $620.47 on Friday. The business’s 50-day moving average price is $616.04 and its 200 day moving average price is $592.06. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

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About Invesco QQQ

(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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