Invesco QQQ (NASDAQ:QQQ) is HFG Advisors Inc.’s Largest Position

HFG Advisors Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,692 shares of the exchange traded fund’s stock after buying an additional 398 shares during the period. Invesco QQQ comprises 9.7% of HFG Advisors Inc.’s portfolio, making the stock its largest holding. HFG Advisors Inc.’s holdings in Invesco QQQ were worth $11,089,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudent Investors Network Inc. boosted its position in shares of Invesco QQQ by 1.7% in the fourth quarter. Prudent Investors Network Inc. now owns 60,252 shares of the exchange traded fund’s stock worth $30,803,000 after purchasing an additional 994 shares during the period. Panoramic Investment Advisors LLC boosted its position in shares of Invesco QQQ by 1.6% in the fourth quarter. Panoramic Investment Advisors LLC now owns 5,556 shares of the exchange traded fund’s stock worth $2,840,000 after purchasing an additional 88 shares during the period. Princeton Global Asset Management LLC boosted its position in shares of Invesco QQQ by 192.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 533 shares of the exchange traded fund’s stock worth $272,000 after purchasing an additional 351 shares during the period. JB Capital LLC boosted its position in shares of Invesco QQQ by 3.2% in the fourth quarter. JB Capital LLC now owns 27,963 shares of the exchange traded fund’s stock worth $14,297,000 after purchasing an additional 875 shares during the period. Finally, Chicago Capital LLC boosted its position in shares of Invesco QQQ by 23.6% in the fourth quarter. Chicago Capital LLC now owns 3,332 shares of the exchange traded fund’s stock worth $1,703,000 after purchasing an additional 637 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $522.29 on Monday. The firm has a fifty day moving average price of $519.55 and a 200 day moving average price of $494.20. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.