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

Pacific Capital Wealth Advisors Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 73,802 shares of the exchange traded fund's stock after acquiring an additional 2,612 shares during the period. Invesco QQQ comprises approximately 6.0% of Pacific Capital Wealth Advisors Inc.'s holdings, making the stock its 4th biggest holding. Pacific Capital Wealth Advisors Inc.'s holdings in Invesco QQQ were worth $34,607,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ in the 4th quarter worth about $36,000. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $51,000. Banque Transatlantique SA acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $57,000. Finally, Perritt Capital Management Inc bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $61,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded down $5.21 during trading on Tuesday, hitting $529.08. The stock had a trading volume of 41,752,700 shares, compared to its average volume of 38,439,854. The business has a fifty day moving average of $494.94 and a two-hundred day moving average of $502.90. The firm has a market cap of $331.55 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ Company 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.