Capital Advisors Inc. OK Sells 2,172 Shares of Invesco QQQ (NASDAQ:QQQ)

Capital Advisors Inc. OK lessened its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,044 shares of the exchange traded fund's stock after selling 2,172 shares during the quarter. Capital Advisors Inc. OK's holdings in Invesco QQQ were worth $7,054,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Diversified Enterprises LLC increased its position in Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock worth $2,679,000 after buying an additional 20 shares in the last quarter. Prevail Innovative Wealth Advisors LLC increased its position in Invesco QQQ by 4.3% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after buying an additional 20 shares in the last quarter. Legacy Investment Solutions LLC increased its position in Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after buying an additional 20 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after buying an additional 20 shares in the last quarter. Finally, Willis Johnson & Associates Inc. increased its position in Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ traded up $0.67 during midday trading on Tuesday, reaching $552.70. The company had a trading volume of 10,891,448 shares, compared to its average volume of 39,193,727. The business has a 50-day moving average of $521.12 and a two-hundred day moving average of $504.84. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.20.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

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.