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

Moulton Wealth Management Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 131.6% in the 1st 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 comprises approximately 0.5% of Moulton Wealth Management Inc.’s portfolio, making the stock its 27th biggest position. Moulton Wealth Management Inc.’s holdings in Invesco QQQ were worth $711,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Farmers & Merchants Investments Inc. raised its holdings in shares of Invesco QQQ by 1.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 20 shares during the last quarter. RAM Investment Partners LLC increased its position in Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after acquiring an additional 20 shares during the period. HighMark Wealth Management LLC increased its position in Invesco QQQ by 5.2% in the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund’s stock valued at $208,000 after acquiring an additional 20 shares during the period. Providence First Trust Co raised its stake in Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock valued at $346,000 after acquiring an additional 20 shares in the last quarter. Finally, Diversified Enterprises LLC boosted its position in Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock worth $2,679,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $529.92 on Friday. The stock has a market cap of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The business has a fifty day moving average of $483.20 and a 200-day moving average of $501.87.

Invesco QQQ Cuts Dividend

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

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.