IFG Advisory LLC Buys 3,046 Shares of Invesco QQQ $QQQ

IFG Advisory LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,923 shares of the exchange traded fund’s stock after acquiring an additional 3,046 shares during the quarter. Invesco QQQ makes up 2.4% of IFG Advisory LLC’s portfolio, making the stock its biggest holding. IFG Advisory LLC’s holdings in Invesco QQQ were worth $48,502,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC raised its holdings in 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 acquiring an additional 176 shares during the last quarter. Wealth Group Ltd. lifted its stake in shares of Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after purchasing an additional 4,835 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 7.3% during the first quarter. Golden State Wealth Management LLC now owns 32,742 shares of the exchange traded fund’s stock worth $15,353,000 after purchasing an additional 2,241 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in shares of Invesco QQQ by 110.7% during the first quarter. DAVENPORT & Co LLC now owns 21,608 shares of the exchange traded fund’s stock worth $10,133,000 after purchasing an additional 223,140 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.5%

Invesco QQQ stock opened at $626.05 on Friday. The stock has a fifty day moving average price of $595.56 and a 200 day moving average price of $551.96. 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 announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 22nd.

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.