Capital Advisors Ltd. LLC Acquires 1,845 Shares of Invesco QQQ (NASDAQ:QQQ)

Capital Advisors Ltd. LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,395 shares of the exchange traded fund’s stock after acquiring an additional 1,845 shares during the period. Invesco QQQ accounts for about 1.8% of Capital Advisors Ltd. LLC’s portfolio, making the stock its 15th biggest holding. Capital Advisors Ltd. LLC’s holdings in Invesco QQQ were worth $14,347,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FIDELIS iM LLC bought a new stake in shares of Invesco QQQ in the first quarter worth about $398,000. Richardson Capital Management LLC grew its stake in Invesco QQQ by 3,792.5% in the 1st quarter. Richardson Capital Management LLC now owns 2,063 shares of the exchange traded fund’s stock worth $916,000 after acquiring an additional 2,010 shares in the last quarter. Cornerstone Wealth Group LLC increased its holdings in Invesco QQQ by 47.2% during the 1st quarter. Cornerstone Wealth Group LLC now owns 3,463 shares of the exchange traded fund’s stock worth $1,538,000 after purchasing an additional 1,110 shares during the period. Avalon Capital Management raised its holdings in shares of Invesco QQQ by 5.8% in the first quarter. Avalon Capital Management now owns 2,421 shares of the exchange traded fund’s stock valued at $1,075,000 after acquiring an additional 133 shares in the last quarter. Finally, Gradient Capital Advisors LLC raised its holdings in shares of Invesco QQQ by 3.1% in the first quarter. Gradient Capital Advisors LLC now owns 1,005 shares of the exchange traded fund’s stock valued at $446,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.6 %

NASDAQ QQQ opened at $495.32 on Friday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The firm’s 50 day moving average price is $480.51 and its 200-day moving average price is $466.85.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be issued a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.