Moseley Investment Management Inc. Raises Position in Invesco QQQ (NASDAQ:QQQ)

Moseley Investment Management Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,677 shares of the exchange traded fund’s stock after purchasing an additional 26 shares during the period. Moseley Investment Management Inc.’s holdings in Invesco QQQ were worth $857,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Invesco QQQ by 139.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,275 shares of the exchange traded fund’s stock worth $6,789,000 after purchasing an additional 7,737 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Invesco QQQ by 34.4% in the 4th quarter. Park Avenue Securities LLC now owns 29,034 shares of the exchange traded fund’s stock worth $14,843,000 after buying an additional 7,438 shares during the period. Kathmere Capital Management LLC bought a new position in Invesco QQQ in the 4th quarter worth approximately $373,000. Fifth Third Wealth Advisors LLC boosted its holdings in Invesco QQQ by 35.1% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,955 shares of the exchange traded fund’s stock worth $2,022,000 after buying an additional 1,028 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its holdings in Invesco QQQ by 3.4% in the 4th quarter. SeaCrest Wealth Management LLC now owns 28,939 shares of the exchange traded fund’s stock worth $14,794,000 after buying an additional 958 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.3 %

QQQ opened at $516.67 on Thursday. The company has a 50 day moving average of $515.57 and a 200 day moving average of $491.47. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.