MONECO Advisors LLC Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

MONECO Advisors LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 11.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,043 shares of the exchange traded fund’s stock after purchasing an additional 957 shares during the period. MONECO Advisors LLC’s holdings in Invesco QQQ were worth $4,623,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. PayPay Securities Corp lifted its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $37,000. Hoese & Co LLP lifted its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. Finally, BNP Paribas bought a new stake in Invesco QQQ during the third quarter valued at approximately $62,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 2.1 %

Shares of Invesco QQQ stock opened at $526.08 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The company has a 50 day simple moving average of $523.39 and a two-hundred day simple moving average of $501.12.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.