HF Advisory Group LLC Acquires 1,134 Shares of Invesco QQQ (NASDAQ:QQQ)

HF Advisory Group LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 25.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,587 shares of the exchange traded fund’s stock after acquiring an additional 1,134 shares during the quarter. Invesco QQQ comprises about 1.3% of HF Advisory Group LLC’s investment portfolio, making the stock its 15th biggest holding. HF Advisory Group LLC’s holdings in Invesco QQQ were worth $2,727,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Westwood Holdings Group Inc. raised its stake in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares during the last quarter. Bank Hapoalim BM raised its position in Invesco QQQ by 5.5% in the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after buying an additional 6,347 shares during the last quarter. Socha Financial Group LLC lifted its stake in Invesco QQQ by 1.3% during the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after acquiring an additional 1,153 shares during the period. SVB Wealth LLC boosted its holdings in shares of Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after acquiring an additional 2,453 shares during the last quarter. Finally, WFA Asset Management Corp grew its stake in shares of Invesco QQQ by 70.6% in the first quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after acquiring an additional 1,894 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $492.21 on Wednesday. The firm has a 50 day moving average price of $482.32 and a 200-day moving average price of $470.09. Invesco QQQ has a twelve month low of $366.91 and a twelve month high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

Invesco QQQ Company Profile

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.