IFG Advisory LLC Purchases 6,094 Shares of Invesco QQQ (NASDAQ:QQQ)

IFG Advisory LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,867 shares of the exchange traded fund’s stock after purchasing an additional 6,094 shares during the quarter. Invesco QQQ accounts for 2.3% of IFG Advisory LLC’s investment portfolio, making the stock its 6th largest holding. IFG Advisory LLC’s holdings in Invesco QQQ were worth $31,069,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. VisionPoint Advisory Group LLC bought a new position in Invesco QQQ in the 2nd quarter valued at $36,000. Core Wealth Advisors Inc. lifted its position in shares of Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at $44,000. Blume Capital Management Inc. lifted its position in shares of Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 3,500 shares during the last quarter. Finally, Buck Wealth Strategies LLC lifted its position in shares of Invesco QQQ by 71.4% during the 3rd quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 65 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.3 %

Shares of NASDAQ QQQ opened at $444.83 on Thursday. Invesco QQQ has a one year low of $304.77 and a one year high of $449.34. The business’s fifty day moving average price is $433.08 and its 200-day moving average price is $399.34.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%.

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.