Moseley Investment Management Inc. Has $900,000 Stock Holdings in Invesco QQQ $QQQ

Moseley Investment Management Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ) by 2.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,632 shares of the exchange traded fund’s stock after selling 45 shares during the period. Moseley Investment Management Inc.’s holdings in Invesco QQQ were worth $900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc raised its holdings in Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after acquiring an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. raised its holdings in Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after acquiring an additional 20 shares in the last quarter. Barrett & Company Inc. raised its holdings in Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 20 shares in the last quarter. MTM Investment Management LLC raised its holdings in Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after acquiring an additional 21 shares in the last quarter. Finally, Cutler Investment Counsel LLC raised its holdings in Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 3.5%

Invesco QQQ stock opened at $589.55 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18. The business has a 50 day moving average price of $583.89 and a two-hundred day moving average price of $535.94.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.