Capital Advisors Ltd. LLC Has $9.70 Million Stock Position in Invesco QQQ Trust (NASDAQ:QQQ)

Capital Advisors Ltd. LLC lessened its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 2.8% during the fourth quarter, HoldingsChannel reports. The fund owned 23,688 shares of the exchange traded fund’s stock after selling 685 shares during the quarter. Invesco QQQ Trust accounts for about 1.4% of Capital Advisors Ltd. LLC’s investment portfolio, making the stock its 18th biggest holding. Capital Advisors Ltd. LLC’s holdings in Invesco QQQ Trust were worth $9,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. International Assets Investment Management LLC boosted its holdings in Invesco QQQ Trust by 40,957.3% in the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares during the period. Comerica Bank purchased a new stake in Invesco QQQ Trust in the 3rd quarter worth approximately $140,657,000. Granite Bay Wealth Management LLC lifted its stake in Invesco QQQ Trust by 47.1% in the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after purchasing an additional 378,922 shares in the last quarter. CHURCHILL MANAGEMENT Corp lifted its stake in Invesco QQQ Trust by 36.3% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after purchasing an additional 376,661 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Invesco QQQ Trust by 77.2% in the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after purchasing an additional 367,317 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trust Stock Performance

NASDAQ QQQ traded up $1.44 on Wednesday, hitting $426.51. The stock had a trading volume of 46,222,772 shares, compared to its average volume of 46,039,938. Invesco QQQ Trust has a 52-week low of $309.89 and a 52-week high of $449.34. The firm has a 50-day moving average of $437.20 and a 200-day moving average of $409.44.

Invesco QQQ Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.54%. The ex-dividend date is Monday, March 18th.

About Invesco QQQ Trust

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.