HFG Advisors Inc. Has $11.62 Million Holdings in Invesco QQQ $QQQ

HFG Advisors Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,070 shares of the exchange traded fund’s stock after buying an additional 227 shares during the period. Invesco QQQ accounts for approximately 9.2% of HFG Advisors Inc.’s portfolio, making the stock its largest holding. HFG Advisors Inc.’s holdings in Invesco QQQ were worth $11,623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oakwell Private Wealth Management LLC raised its position in shares of Invesco QQQ by 4.2% in the second quarter. Oakwell Private Wealth Management LLC now owns 9,995 shares of the exchange traded fund’s stock worth $5,513,000 after buying an additional 405 shares in the last quarter. Milestone Asset Management LLC raised its holdings in shares of Invesco QQQ by 145.2% in the 2nd quarter. Milestone Asset Management LLC now owns 14,418 shares of the exchange traded fund’s stock valued at $7,954,000 after acquiring an additional 8,538 shares in the last quarter. Tufton Capital Management boosted its position in shares of Invesco QQQ by 29.3% during the 2nd quarter. Tufton Capital Management now owns 636 shares of the exchange traded fund’s stock valued at $351,000 after acquiring an additional 144 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of Invesco QQQ in the second quarter worth approximately $210,000. Finally, Huntington National Bank raised its stake in Invesco QQQ by 11.3% in the second quarter. Huntington National Bank now owns 44,033 shares of the exchange traded fund’s stock valued at $24,290,000 after purchasing an additional 4,464 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $619.25 on Wednesday. The firm has a 50 day simple moving average of $598.87 and a two-hundred day simple moving average of $557.15. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was 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.