Capital Advisors Inc. OK Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Capital Advisors Inc. OK increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 66.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,216 shares of the exchange traded fund’s stock after purchasing an additional 6,846 shares during the period. Capital Advisors Inc. OK’s holdings in Invesco QQQ were worth $8,801,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TCV Trust & Wealth Management Inc. bought a new stake in Invesco QQQ during the fourth quarter valued at about $629,000. David Wealth Management LLC bought a new stake in Invesco QQQ during the fourth quarter valued at about $631,000. Schear Investment Advisers LLC boosted its position in Invesco QQQ by 201.5% during the fourth quarter. Schear Investment Advisers LLC now owns 21,247 shares of the exchange traded fund’s stock valued at $10,862,000 after purchasing an additional 14,200 shares in the last quarter. Ridgeline Wealth Planning LLC bought a new stake in Invesco QQQ during the fourth quarter valued at about $4,871,000. Finally, Leavell Investment Management Inc. boosted its position in Invesco QQQ by 3.3% during the fourth quarter. Leavell Investment Management Inc. now owns 19,754 shares of the exchange traded fund’s stock valued at $10,099,000 after purchasing an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.2 %

Shares of QQQ stock opened at $527.99 on Wednesday. The stock’s 50-day moving average is $521.54 and its 200 day moving average is $496.40. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

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