IFP Advisors Inc Acquires 2,755 Shares of Invesco QQQ $QQQ

IFP Advisors Inc increased its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 3.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 93,091 shares of the exchange traded fund’s stock after acquiring an additional 2,755 shares during the quarter. Invesco QQQ makes up approximately 1.5% of IFP Advisors Inc’s holdings, making the stock its 5th largest holding. IFP Advisors Inc’s holdings in Invesco QQQ were worth $55,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC lifted its holdings 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 valued at $2,687,000 after buying an additional 176 shares during the period. Jupiter Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at about $290,000. Wealth Group Ltd. boosted its stake in shares of Invesco QQQ by 283.7% in the second 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 during the last quarter. Finally, Nordwand Advisors LLC boosted its stake in shares of Invesco QQQ by 669.2% in the second quarter. Nordwand Advisors LLC now owns 300 shares of the exchange traded fund’s stock worth $165,000 after buying an additional 261 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.4%

Invesco QQQ stock opened at $594.85 on Thursday. The business’s 50-day moving average price is $611.91 and its 200 day moving average price is $609.22. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a $0.7941 dividend. The ex-dividend date was Monday, December 22nd. This represents a $3.18 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69.

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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.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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