Invesco QQQ $QQQ Stake Lowered by Pacific Capital Wealth Advisors Inc.

Key Points

• Pacific Capital Wealth Advisors Inc. has reduced its stake in Invesco QQQ by 10.8%, now holding 65,831 shares, which are worth $36,341,000.
• Multiple large investors have made adjustments to their positions in Invesco QQQ, with some purchasing new stakes valued at amounts ranging from $50,000 to $67,000.
• The recent quarterly dividend for Invesco QQQ was set at $0.5911 per share, contributing to an annualized yield of 0.4%.

Pacific Capital Wealth Advisors Inc. cut its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,831 shares of the exchange traded fund's stock after selling 7,971 shares during the period. Invesco QQQ makes up about 6.7% of Pacific Capital Wealth Advisors Inc.'s portfolio, making the stock its 4th biggest holding. Pacific Capital Wealth Advisors Inc.'s holdings in Invesco QQQ were worth $36,341,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in QQQ. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the first quarter valued at $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the 1st quarter worth $51,000. Blume Capital Management Inc. increased its holdings in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC raised its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after buying an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at about $67,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.9%

QQQ opened at $591.68 on Tuesday. The stock has a 50-day moving average of $569.03 and a 200 day moving average of $521.27. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $591.79.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.

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.

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