Moser Wealth Advisors LLC Grows Stake in Invesco QQQ $QQQ

Moser Wealth Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 930.0% during the second quarter, HoldingsChannel reports. The fund owned 103 shares of the exchange traded fund’s stock after buying an additional 93 shares during the period. Moser Wealth Advisors LLC’s holdings in Invesco QQQ were worth $57,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. GSG Advisors LLC boosted its position in shares of Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after buying an additional 585 shares during the last quarter. Amundi boosted its position in shares of Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after buying an additional 6,600 shares during the last quarter. Jackson Wealth Management LLC boosted its position in shares of Invesco QQQ by 8.6% during the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock valued at $9,428,000 after buying an additional 1,586 shares during the last quarter. Greykasell Wealth Strategies Inc. boosted its position in shares of Invesco QQQ by 8.4% during the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after buying an additional 605 shares during the last quarter. Finally, AM Investment Strategies LLC boosted its position in shares of Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after buying an additional 612 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.8%

Invesco QQQ stock opened at $610.58 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18. The business’s fifty day moving average is $589.82 and its 200 day moving average is $544.88.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%.

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.