Invesco QQQ (NASDAQ:QQQ) Shares Purchased by HFG Wealth Management LLC

HFG Wealth Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,964 shares of the exchange traded fund’s stock after acquiring an additional 103 shares during the quarter. Invesco QQQ accounts for about 0.6% of HFG Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding. HFG Wealth Management LLC’s holdings in Invesco QQQ were worth $959,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at about $62,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares during the last quarter. Providence Capital Advisors LLC acquired a new stake in Invesco QQQ during the second quarter worth about $76,000. Finally, Ashton Thomas Securities LLC bought a new position in Invesco QQQ in the third quarter worth about $91,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.8 %

Shares of NASDAQ QQQ traded down $3.84 during mid-day trading on Monday, hitting $503.35. The company had a trading volume of 16,882,399 shares, compared to its average volume of 32,218,094. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The firm’s 50 day simple moving average is $514.92 and its two-hundred day simple moving average is $491.12.

Invesco QQQ Announces Dividend

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