Invesco QQQ $QQQ Holdings Lifted by IFP Advisors Inc

IFP Advisors Inc increased its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 96,489 shares of the exchange traded fund’s stock after purchasing an additional 3,535 shares during the quarter. Invesco QQQ makes up 1.3% of IFP Advisors Inc’s investment portfolio, making the stock its 8th largest position. IFP Advisors Inc’s holdings in Invesco QQQ were worth $59,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of QQQ. Brighton Jones LLC grew its holdings in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares in the last quarter. Jupiter Wealth Management LLC purchased a new position in shares of Invesco QQQ during the second quarter valued at $290,000. Wealth Group Ltd. grew its holdings in shares of Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after buying an additional 18,210 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Invesco QQQ by 1,057.3% during the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after buying an additional 30,206 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

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Invesco QQQ Trading Down 0.6%

Shares of QQQ stock opened at $701.53 on Wednesday. Invesco QQQ has a 1-year low of $505.58 and a 1-year high of $722.03. The stock’s fifty day simple moving average is $632.36 and its 200-day simple moving average is $621.19.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.

Invesco QQQ Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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