HBK Sorce Advisory LLC Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

HBK Sorce Advisory LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,333 shares of the exchange traded fund’s stock after buying an additional 558 shares during the period. HBK Sorce Advisory LLC’s holdings in Invesco QQQ were worth $9,066,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at about $36,000. Banque Transatlantique SA acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $57,000. Perritt Capital Management Inc purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $61,000. Finally, Frazier Financial Advisors LLC raised its position in shares of Invesco QQQ by 1,288.9% in the 4th quarter. Frazier Financial Advisors LLC now owns 125 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.3%

Invesco QQQ stock opened at $541.16 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $543.31. The stock has a 50 day moving average of $505.63 and a 200-day moving average of $503.71.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.44%.

Invesco QQQ 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.