Moulton Wealth Management Inc. Raises Position in Invesco QQQ (NASDAQ:QQQ)

Moulton Wealth Management Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 131.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,517 shares of the exchange traded fund's stock after acquiring an additional 862 shares during the quarter. Invesco QQQ accounts for about 0.5% of Moulton Wealth Management Inc.'s portfolio, making the stock its 27th largest position. Moulton Wealth Management Inc.'s holdings in Invesco QQQ were worth $711,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. PayPay Securities Corp grew its holdings in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the fourth quarter valued at $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the 4th quarter worth about $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.0%

QQQ stock opened at $529.92 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The company's 50 day moving average is $483.20 and its two-hundred day moving average is $501.87. The stock has a market cap of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 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.

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:QQQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.