MONECO Advisors LLC Purchases 1,636 Shares of Invesco QQQ $QQQ

MONECO Advisors LLC boosted its position in Invesco QQQ (NASDAQ:QQQFree Report) by 20.6% during the third quarter, Holdings Channel.com reports. The fund owned 9,559 shares of the exchange traded fund’s stock after acquiring an additional 1,636 shares during the period. MONECO Advisors LLC’s holdings in Invesco QQQ were worth $5,739,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QQQ. Brighton Jones LLC grew its stake in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the period. Jupiter Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 2nd quarter worth approximately $290,000. Pasadena Private Wealth LLC increased its stake in shares of Invesco QQQ by 90.6% during the second quarter. Pasadena Private Wealth LLC now owns 13,507 shares of the exchange traded fund’s stock valued at $7,451,000 after buying an additional 6,420 shares during the period. Finally, Wealth Group Ltd. increased its stake in shares of Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after buying an additional 18,210 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.4%

Shares of QQQ stock opened at $597.03 on Friday. The stock has a fifty day moving average of $619.89 and a 200 day moving average of $601.69. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

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

Key Stories Impacting Invesco QQQ

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

Invesco QQQ Profile

(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.

Further Reading

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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