IFG Advisors LLC Has $37.81 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

IFG Advisors LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,962 shares of the exchange traded fund’s stock after selling 1,366 shares during the quarter. Invesco QQQ accounts for about 7.5% of IFG Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. IFG Advisors LLC’s holdings in Invesco QQQ were worth $37,812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Stephens Consulting LLC lifted its holdings in Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after purchasing an additional 19 shares in the last quarter. Northeast Investment Management lifted its holdings in Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after purchasing an additional 20 shares in the last quarter. Planning Capital Management Corp lifted its holdings in Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC lifted its holdings in Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after purchasing an additional 20 shares in the last quarter. Finally, Hoese & Co LLP lifted its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.6 %

NASDAQ QQQ opened at $508.30 on Friday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The business’s fifty day simple moving average is $522.05 and its 200-day simple moving average is $503.28. The firm has a market cap of $320.36 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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