Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Pacific Capital Wealth Advisors Inc.

Pacific Capital Wealth Advisors Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,326 shares of the exchange traded fund’s stock after acquiring an additional 621 shares during the quarter. Invesco QQQ comprises 4.4% of Pacific Capital Wealth Advisors Inc.’s portfolio, making the stock its 6th largest position. Pacific Capital Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $17,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Sawgrass Asset Management LLC boosted its position in shares of Invesco QQQ by 13.3% during the fourth quarter. Sawgrass Asset Management LLC now owns 8,676 shares of the exchange traded fund’s stock worth $3,553,000 after purchasing an additional 1,018 shares in the last quarter. Barlow Wealth Partners Inc. bought a new position in shares of Invesco QQQ during the fourth quarter worth $246,000. Balanced Wealth Group LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $31,271,000. Patrick M Sweeney & Associates Inc. bought a new stake in Invesco QQQ during the 4th quarter worth approximately $1,585,000. Finally, Sovereign Financial Group Inc. raised its holdings in Invesco QQQ by 34.2% during the 4th quarter. Sovereign Financial Group Inc. now owns 32,362 shares of the exchange traded fund’s stock worth $13,253,000 after buying an additional 8,251 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ traded down $0.26 during trading on Wednesday, reaching $440.06. The company had a trading volume of 24,685,057 shares, compared to its average volume of 45,329,430. The business’s fifty day moving average price is $436.66 and its 200 day moving average price is $414.00. Invesco QQQ has a 12 month low of $321.32 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were paid a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Monday, March 18th.

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.