Invesco QQQ (NASDAQ:QQQ) Shares Acquired by IFG Advisory LLC

IFG Advisory LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,867 shares of the exchange traded fund’s stock after purchasing an additional 6,094 shares during the quarter. Invesco QQQ makes up 2.3% of IFG Advisory LLC’s holdings, making the stock its 6th biggest position. IFG Advisory LLC’s holdings in Invesco QQQ were worth $31,069,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in QQQ. Ironwood Wealth Management LLC. lifted its holdings in Invesco QQQ by 7.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock valued at $1,996,000 after purchasing an additional 381 shares during the last quarter. Axiom Financial Strategies LLC lifted its holdings in shares of Invesco QQQ by 11.6% during the first quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 85 shares in the last quarter. Roundview Capital LLC lifted its holdings in shares of Invesco QQQ by 0.9% during the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after buying an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Invesco QQQ by 11.2% during the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after buying an additional 278 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Invesco QQQ by 309.2% during the first quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after buying an additional 337 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $444.83 on Thursday. Invesco QQQ has a 52 week low of $304.77 and a 52 week high of $449.34. The stock’s fifty day moving average is $433.08 and its 200 day moving average is $399.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Monday, March 18th.

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.