Capital Advisors Ltd. LLC Acquires 943 Shares of Invesco QQQ (NASDAQ:QQQ)

Capital Advisors Ltd. LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,550 shares of the exchange traded fund’s stock after acquiring an additional 943 shares during the period. Invesco QQQ comprises approximately 1.7% of Capital Advisors Ltd. LLC’s holdings, making the stock its 15th largest holding. Capital Advisors Ltd. LLC’s holdings in Invesco QQQ were worth $13,199,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the 1st quarter worth $28,000. Deane Retirement Strategies Inc. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $29,000. Legacy Bridge LLC lifted its stake in shares of Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $35,000. Finally, Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $40,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $5.15 during trading hours on Friday, reaching $480.00. The company had a trading volume of 36,061,508 shares, compared to its average volume of 40,708,035. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The company has a 50 day moving average of $475.08 and a 200 day moving average of $453.77.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were paid a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a yield of 0.63%. The ex-dividend date was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

Invesco QQQ Company 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.