Pacific Capital Wealth Advisors Inc. Has $17.33 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Pacific Capital Wealth Advisors Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 42,326 shares of the exchange traded fund’s stock after purchasing an additional 621 shares during the period. Invesco QQQ comprises about 4.4% of Pacific Capital Wealth Advisors Inc.’s portfolio, making the stock its 6th largest holding. Pacific Capital Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $17,334,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Red Tortoise LLC lifted its position in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares in the last quarter. Friedenthal Financial purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $41,000. Bear Mountain Capital Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $42,000. Core Wealth Advisors Inc. lifted its holdings in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. lifted its holdings in Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.1 %

NASDAQ QQQ traded down $0.26 during trading hours on Wednesday, reaching $440.06. The company’s stock had a trading volume of 24,685,057 shares, compared to its average volume of 45,329,430. The firm’s 50-day moving average price is $436.66 and its 200-day moving average price is $414.00. Invesco QQQ has a 1 year low of $321.32 and a 1 year high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were issued a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

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.