Capital Analysts LLC Has $4.23 Million Position in Invesco QQQ $QQQ

Key Points

• Capital Analysts LLC increased its stake in Invesco QQQ by 12.9%, now holding a total of 9,013 shares valued at approximately $4.23 million.
• Other hedge funds have also recently acquired positions in Invesco QQQ, contributing to a total institutional ownership of 44.58%.
• The most recent dividend declared for Invesco QQQ was $0.5911 per share, representing an annual yield of 0.4%.

Capital Analysts LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,013 shares of the exchange traded fund's stock after buying an additional 1,030 shares during the period. Capital Analysts LLC's holdings in Invesco QQQ were worth $4,227,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the fourth quarter worth about $36,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ in the first quarter worth about $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ in the first quarter worth about $51,000. Banque Transatlantique SA acquired a new position in Invesco QQQ in the fourth quarter worth about $57,000. Finally, Blume Capital Management Inc. raised its position in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after purchasing an additional 2,536 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $569.28 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32. The firm has a 50-day moving average price of $555.76 and a 200 day moving average price of $514.82.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.

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