Invesco QQQ $QQQ Shares Acquired by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 41.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,486 shares of the exchange traded fund’s stock after acquiring an additional 12,493 shares during the period. Invesco QQQ accounts for about 3.0% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its biggest holding. Moloney Securities Asset Management LLC’s holdings in Invesco QQQ were worth $25,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in QQQ. Fifth Third Securities Inc. boosted its position in Invesco QQQ by 2.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after acquiring an additional 2,822 shares during the period. SK Wealth Management LLC acquired a new position in Invesco QQQ during the 3rd quarter valued at about $803,000. Great Point Wealth Advisors LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter worth about $507,000. Strengthening Families & Communities LLC bought a new position in Invesco QQQ during the 3rd quarter valued at $10,771,000. Finally, BCGM Wealth Management LLC boosted its stake in Invesco QQQ by 13.6% during the second quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after buying an additional 3,066 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Key Invesco QQQ News

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

Invesco QQQ Trading Up 2.1%

NASDAQ QQQ opened at $609.65 on Friday. The company’s 50 day simple moving average is $619.69 and its 200 day simple moving average is $602.00. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $0.7941 dividend. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%.

About Invesco QQQ

(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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