Capital Advisors Wealth Management LLC Purchases 1,062 Shares of Invesco QQQ (NASDAQ:QQQ)

Capital Advisors Wealth Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,031 shares of the exchange traded fund’s stock after acquiring an additional 1,062 shares during the period. Invesco QQQ comprises approximately 3.7% of Capital Advisors Wealth Management LLC’s holdings, making the stock its 8th largest holding. Capital Advisors Wealth Management LLC’s holdings in Invesco QQQ were worth $20,976,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of QQQ. Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas acquired a new position in Invesco QQQ in the third quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the period. Pacifica Partners Inc. acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $73,000. Finally, Providence Capital Advisors LLC bought a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $76,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $513.08 on Friday. The business has a 50 day simple moving average of $515.79 and a 200 day simple moving average of $491.65. Invesco QQQ has a one year low of $402.92 and a one year high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Profile

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.