Private Capital Advisors Inc. Acquires 1,600 Shares of Invesco QQQ $QQQ

Private Capital Advisors Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 38.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,790 shares of the exchange traded fund’s stock after acquiring an additional 1,600 shares during the quarter. Invesco QQQ comprises 0.4% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 29th largest position. Private Capital Advisors Inc.’s holdings in Invesco QQQ were worth $3,557,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of QQQ. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $27,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $40,000. Finally, Morgan Dempsey Capital Management LLC boosted its position in shares of Invesco QQQ by 45.5% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4%

Shares of QQQ opened at $717.54 on Friday. The stock has a 50-day moving average price of $638.80 and a 200-day moving average price of $623.07. Invesco QQQ has a 12-month low of $505.58 and a 12-month high of $722.12.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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