Capstone Financial Advisors Inc. Boosts Stock Position in Invesco QQQ $QQQ

Capstone Financial Advisors Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ) by 43.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,122 shares of the exchange traded fund’s stock after buying an additional 646 shares during the period. Capstone Financial Advisors Inc.’s holdings in Invesco QQQ were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Kingstone Capital Partners Texas LLC increased its holdings in shares of Invesco QQQ by 704,593.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. purchased a new position in Invesco QQQ in the 1st quarter valued at about $2,775,904,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco QQQ by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock valued at $1,501,063,000 after buying an additional 52,234 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after purchasing an additional 54,944 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.0%

Shares of QQQ opened at $608.40 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The company’s fifty day moving average is $605.20 and its two-hundred day moving average is $563.62.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd.

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.