IFP Advisors Inc Boosts Stock Position in Invesco QQQ $QQQ

IFP Advisors Inc lifted its position in Invesco QQQ (NASDAQ:QQQFree Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,489 shares of the exchange traded fund’s stock after buying an additional 3,535 shares during the period. Invesco QQQ makes up 1.3% of IFP Advisors Inc’s holdings, making the stock its 8th largest position. IFP Advisors Inc’s holdings in Invesco QQQ were worth $59,274,000 at the end of the most recent quarter.

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

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $701.53 on Wednesday. The stock’s fifty day simple moving average is $632.36 and its 200 day simple moving average is $621.19. Invesco QQQ has a 52-week low of $505.58 and a 52-week high of $722.03.

Invesco QQQ Cuts Dividend

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

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ 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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