Chaney Capital Management Inc. Has $10.56 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Chaney Capital Management Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,791 shares of the exchange traded fund's stock after acquiring an additional 1,904 shares during the quarter. Invesco QQQ makes up approximately 8.5% of Chaney Capital Management Inc.'s holdings, making the stock its 3rd biggest position. Chaney Capital Management Inc.'s holdings in Invesco QQQ were worth $10,563,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in QQQ. International Assets Investment Management LLC boosted its position in shares of Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund's stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Invesco QQQ by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund's stock valued at $1,623,380,000 after buying an additional 52,019 shares during the period. Ameriprise Financial Inc. raised its holdings in Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund's stock valued at $1,530,696,000 after buying an additional 243,305 shares during the period. Global Assets Advisory LLC purchased a new stake in Invesco QQQ in the first quarter worth $1,580,776,000. Finally, Commonwealth Equity Services LLC increased its stake in Invesco QQQ by 7.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund's stock worth $1,013,490,000 after purchasing an additional 162,691 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $6.55 during trading on Friday, hitting $431.00. 41,874,907 shares of the stock traded hands, compared to its average volume of 47,550,872. Invesco QQQ has a 52-week low of $315.05 and a 52-week high of $449.34. The stock's fifty day simple moving average is $436.88 and its 200 day simple moving average is $410.40.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

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.

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