Moment Partners LLC Has $48.65 Million Position in Invesco QQQ $QQQ

Key Points

• Moment Partners LLC reduced its holdings in Invesco QQQ by 3.0%, owning 88,190 shares valued at approximately $48.65 million, making QQQ its third-largest position.
• Invesco QQQ will pay a quarterly dividend of $0.694, an increase from the prior dividend, indicating a 0.5% yield for shareholders.
• Several institutional investors have also increased their stakes in Invesco QQQ, contributing to a total of 44.58% institutional ownership in the fund.

Moment Partners LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,190 shares of the exchange traded fund's stock after selling 2,767 shares during the period. Invesco QQQ makes up 9.1% of Moment Partners LLC's portfolio, making the stock its 3rd biggest holding. Moment Partners LLC's holdings in Invesco QQQ were worth $48,649,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Lee Danner & Bass Inc. bought a new position in shares of Invesco QQQ during the 2nd quarter valued at about $245,000. 3EDGE Asset Management LP boosted its holdings in shares of Invesco QQQ by 16.7% in the second quarter. 3EDGE Asset Management LP now owns 2,784 shares of the exchange traded fund's stock worth $1,536,000 after buying an additional 398 shares during the period. Blue Sky Capital Consultants Group Inc. boosted its holdings in shares of Invesco QQQ by 8.7% in the second quarter. Blue Sky Capital Consultants Group Inc. now owns 34,198 shares of the exchange traded fund's stock worth $18,865,000 after buying an additional 2,738 shares during the period. Jackson Hole Capital Partners LLC boosted its holdings in shares of Invesco QQQ by 7.5% in the second quarter. Jackson Hole Capital Partners LLC now owns 14,115 shares of the exchange traded fund's stock worth $7,786,000 after buying an additional 989 shares during the period. Finally, Trademark Financial Management LLC boosted its holdings in shares of Invesco QQQ by 12.7% in the second quarter. Trademark Financial Management LLC now owns 16,677 shares of the exchange traded fund's stock worth $9,200,000 after buying an additional 1,878 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.0%

Shares of QQQ opened at $616.54 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $617.53. The company has a 50-day moving average of $589.82 and a two-hundred day moving average of $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 issued a $0.694 dividend. The ex-dividend date 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 dividend yield of 0.5%.

About Invesco QQQ

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.

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