Mosley Wealth Management Invests $273,000 in Invesco QQQ (NASDAQ:QQQ)

Mosley Wealth Management bought a new stake in Invesco QQQ (NASDAQ:QQQ) during the second quarter, Holdings Channel reports. The institutional investor bought 570 shares of the exchange traded fund’s stock, valued at approximately $273,000.

Other hedge funds also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the 1st quarter valued at $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ in the second quarter valued at about $30,000. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ during the first quarter valued at about $29,000. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new stake in Invesco QQQ in the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.7 %

NASDAQ:QQQ traded down $12.35 on Friday, hitting $448.69. The stock had a trading volume of 50,624,385 shares, compared to its average volume of 40,492,672. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The firm’s fifty day simple moving average is $472.43 and its two-hundred day simple moving average is $455.91.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.68%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th.

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.