Scott Capital Advisors LLC Has $22.65 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Scott Capital Advisors LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,307 shares of the exchange traded fund’s stock after selling 2,060 shares during the period. Invesco QQQ makes up about 6.8% of Scott Capital Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Scott Capital Advisors LLC’s holdings in Invesco QQQ were worth $22,652,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of QQQ. Wealth Group Ltd. boosted its holdings in shares of Invesco QQQ by 6.9% in the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund’s stock valued at $810,000 after buying an additional 102 shares during the period. Tallon Kerry Patrick acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $4,904,000. Capital & Planning LLC boosted its holdings in shares of Invesco QQQ by 5.0% in the fourth quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund’s stock valued at $2,477,000 after buying an additional 229 shares during the period. Naviter Wealth LLC boosted its holdings in shares of Invesco QQQ by 8.8% in the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock valued at $675,000 after buying an additional 107 shares during the period. Finally, Eagle Capital Management LLC boosted its holdings in shares of Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock valued at $31,025,000 after buying an additional 185 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.3%

Invesco QQQ stock opened at $526.96 on Friday. The stock has a market capitalization of $330.22 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The company has a 50 day moving average of $492.58 and a 200-day moving average of $502.75.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.