Invesco QQQ Trust (NASDAQ:QQQ) Shares Sold by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC trimmed its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,688 shares of the exchange traded fund’s stock after selling 685 shares during the quarter. Invesco QQQ Trust makes up approximately 1.4% of Capital Advisors Ltd. LLC’s investment portfolio, making the stock its 18th largest position. Capital Advisors Ltd. LLC’s holdings in Invesco QQQ Trust were worth $9,701,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Red Tortoise LLC raised its stake in Invesco QQQ Trust by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial acquired a new position in Invesco QQQ Trust in the 4th quarter valued at $41,000. Bear Mountain Capital Inc. acquired a new position in Invesco QQQ Trust in the 4th quarter valued at $42,000. Core Wealth Advisors Inc. raised its stake in Invesco QQQ Trust by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. raised its stake in Invesco QQQ Trust by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trust Stock Up 0.3 %

NASDAQ:QQQ traded up $1.44 during trading hours on Wednesday, hitting $426.51. The company had a trading volume of 46,222,772 shares, compared to its average volume of 46,039,938. The company has a 50-day moving average of $437.20 and a 200 day moving average of $409.44. Invesco QQQ Trust has a 1 year low of $309.89 and a 1 year high of $449.34.

Invesco QQQ Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

Invesco QQQ Trust 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.