HFG Advisors Inc. Buys 192 Shares of Invesco QQQ (NASDAQ:QQQ)

HFG Advisors Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 22,352 shares of the exchange traded fund’s stock after purchasing an additional 192 shares during the period. Invesco QQQ makes up 8.8% of HFG Advisors Inc.’s portfolio, making the stock its largest position. HFG Advisors Inc.’s holdings in Invesco QQQ were worth $9,924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BKM Wealth Management LLC increased its position in Invesco QQQ by 42.2% during the 1st quarter. BKM Wealth Management LLC now owns 9,341 shares of the exchange traded fund’s stock worth $4,147,000 after purchasing an additional 2,774 shares during the period. Wolff Wiese Magana LLC increased its position in Invesco QQQ by 2.8% during the 1st quarter. Wolff Wiese Magana LLC now owns 1,850 shares of the exchange traded fund’s stock worth $821,000 after purchasing an additional 51 shares during the period. Fifth Third Securities Inc. increased its position in Invesco QQQ by 0.7% during the 1st quarter. Fifth Third Securities Inc. now owns 103,293 shares of the exchange traded fund’s stock worth $45,922,000 after purchasing an additional 714 shares during the period. RHS Financial LLC increased its position in Invesco QQQ by 6.0% during the 1st quarter. RHS Financial LLC now owns 2,208 shares of the exchange traded fund’s stock worth $980,000 after purchasing an additional 125 shares during the period. Finally, Aviance Capital Partners LLC increased its position in Invesco QQQ by 41.4% during the 1st quarter. Aviance Capital Partners LLC now owns 6,381 shares of the exchange traded fund’s stock worth $2,833,000 after purchasing an additional 1,867 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.6 %

NASDAQ QQQ opened at $481.92 on Tuesday. The business’s 50 day moving average is $454.85 and its two-hundred day moving average is $436.77. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $487.20.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.63%.

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.