Invesco QQQ (NASDAQ:QQQ) Position Raised by Pacific Capital Wealth Advisors Inc.

Pacific Capital Wealth Advisors Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,190 shares of the exchange traded fund’s stock after purchasing an additional 5,336 shares during the period. Invesco QQQ accounts for about 6.1% of Pacific Capital Wealth Advisors Inc.’s holdings, making the stock its 4th biggest position. Pacific Capital Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $36,395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. International Assets Investment Management LLC increased its position in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after buying an additional 32,516,210 shares during the period. Granite Bay Wealth Management LLC grew its stake in Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after acquiring an additional 894,532 shares in the last quarter. Toronto Dominion Bank increased its holdings in Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares during the period. Empirical Asset Management LLC lifted its stake in Invesco QQQ by 15,676.3% in the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after purchasing an additional 201,597 shares in the last quarter. Finally, Main Management ETF Advisors LLC boosted its holdings in Invesco QQQ by 33.5% in the 3rd quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund’s stock valued at $357,228,000 after purchasing an additional 183,550 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $521.88 on Wednesday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The company has a fifty day moving average price of $518.14 and a 200-day moving average price of $493.37.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 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.