Invesco QQQ (NASDAQ:QQQ) Stock Position Lifted by HF Advisory Group LLC

HF Advisory Group LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,766 shares of the exchange traded fund’s stock after acquiring an additional 179 shares during the quarter. Invesco QQQ makes up approximately 1.4% of HF Advisory Group LLC’s holdings, making the stock its 16th largest position. HF Advisory Group LLC’s holdings in Invesco QQQ were worth $2,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. lifted its stake in Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after buying an additional 11,351 shares during the last quarter. Socha Financial Group LLC boosted its holdings in shares of Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after acquiring an additional 2,171 shares during the period. NRI Wealth Management LC bought a new position in shares of Invesco QQQ during the fourth quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC increased its holdings in shares of Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after acquiring an additional 3,581 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.7 %

Shares of NASDAQ QQQ opened at $521.74 on Monday. Invesco QQQ has a 12-month low of $409.16 and a 12-month high of $539.15. The stock has a 50 day simple moving average of $515.94 and a 200-day simple moving average of $492.11.

Invesco QQQ Announces Dividend

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