Modus Advisors LLC Has $5.49 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Modus Advisors LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 3.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,853 shares of the exchange traded fund’s stock after selling 472 shares during the period. Invesco QQQ makes up 2.4% of Modus Advisors LLC’s holdings, making the stock its 8th largest position. Modus Advisors LLC’s holdings in Invesco QQQ were worth $5,487,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC grew its holdings in shares of Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after buying an additional 43,463,232 shares in the last quarter. Morgan Stanley lifted its position in shares of Invesco QQQ by 10.0% in the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after purchasing an additional 1,533,114 shares in the last quarter. Kensington Asset Management LLC acquired a new stake in shares of Invesco QQQ during the first quarter worth approximately $342,079,000. Money Concepts Capital Corp increased its stake in Invesco QQQ by 971.1% in the 1st quarter. Money Concepts Capital Corp now owns 951,023 shares of the exchange traded fund’s stock valued at $10,353,000 after buying an additional 862,236 shares during the period. Finally, Natixis purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $228,207,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

Invesco QQQ Price Performance

QQQ traded up $2.71 during trading on Thursday, reaching $376.92. 15,251,715 shares of the stock traded hands, compared to its average volume of 53,418,961. The stock’s 50-day simple moving average is $372.83 and its two-hundred day simple moving average is $347.29. Invesco QQQ has a fifty-two week low of $254.26 and a fifty-two week high of $387.98.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Wednesday, June 21st were issued a dividend of $0.504 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Tuesday, June 20th.

Invesco QQQ 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.