Moloney Securities Asset Management LLC Has $25.51 Million Stock Holdings in Invesco QQQ $QQQ

Moloney Securities Asset Management LLC increased its position in Invesco QQQ (NASDAQ:QQQFree Report) by 41.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,486 shares of the exchange traded fund’s stock after acquiring an additional 12,493 shares during the quarter. Invesco QQQ comprises about 3.0% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its biggest position. Moloney Securities Asset Management LLC’s holdings in Invesco QQQ were worth $25,507,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Soundwatch Capital LLC increased its stake in shares of Invesco QQQ by 296.2% in the third quarter. Soundwatch Capital LLC now owns 7,678 shares of the exchange traded fund’s stock worth $4,610,000 after purchasing an additional 5,740 shares during the period. RBA Wealth Management LLC lifted its position in shares of Invesco QQQ by 5.3% in the 3rd quarter. RBA Wealth Management LLC now owns 758 shares of the exchange traded fund’s stock worth $455,000 after acquiring an additional 38 shares during the period. Kraft Davis & Associates LLC grew its holdings in shares of Invesco QQQ by 4.9% during the 3rd quarter. Kraft Davis & Associates LLC now owns 5,069 shares of the exchange traded fund’s stock worth $3,082,000 after purchasing an additional 237 shares in the last quarter. Thor Trading Advisors LLC grew its holdings in shares of Invesco QQQ by 228.1% during the 3rd quarter. Thor Trading Advisors LLC now owns 87,481 shares of the exchange traded fund’s stock worth $52,521,000 after purchasing an additional 60,816 shares in the last quarter. Finally, Ledyard National Bank increased its position in shares of Invesco QQQ by 10.3% during the third quarter. Ledyard National Bank now owns 1,687 shares of the exchange traded fund’s stock valued at $1,013,000 after purchasing an additional 158 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Invesco QQQ

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

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $609.65 on Friday. The business has a 50 day simple moving average of $619.69 and a 200 day simple moving average of $602.00. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a dividend of $0.7941 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, December 22nd. 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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