Invesco QQQ (NASDAQ:QQQ) Holdings Raised by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,112 shares of the exchange traded fund’s stock after purchasing an additional 226 shares during the quarter. Invesco QQQ accounts for approximately 2.9% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Moloney Securities Asset Management LLC’s holdings in Invesco QQQ were worth $21,530,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its position in shares of Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after acquiring an additional 32,516,210 shares during the period. Steel Grove Capital Advisors LLC raised its position in shares of Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after acquiring an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC raised its position in shares of Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after acquiring an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC raised its position in shares of Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Finally, Harvard Management Co. Inc. acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $304,591,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $486.01 on Tuesday. Invesco QQQ has a twelve month low of $366.91 and a twelve month high of $503.52. The company has a 50-day moving average price of $482.01 and a 200 day moving average price of $469.55.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.56%.

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.