IFP Advisors Inc Has $51.18 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

IFP Advisors Inc lessened its position in Invesco QQQ (NASDAQ:QQQ) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,081 shares of the exchange traded fund’s stock after selling 6,152 shares during the period. Invesco QQQ makes up about 1.7% of IFP Advisors Inc’s investment portfolio, making the stock its 3rd biggest holding. IFP Advisors Inc’s holdings in Invesco QQQ were worth $51,175,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Waverton Investment Management Ltd increased its position in shares of Invesco QQQ by 76.0% in the 4th quarter. Waverton Investment Management Ltd now owns 1,742 shares of the exchange traded fund’s stock valued at $891,000 after buying an additional 752 shares in the last quarter. Genesis Wealth Advisors LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at $864,000. Juniper Hill Capital Management LP increased its holdings in shares of Invesco QQQ by 294.5% in the fourth quarter. Juniper Hill Capital Management LP now owns 136,531 shares of the exchange traded fund’s stock worth $69,799,000 after acquiring an additional 101,926 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Invesco QQQ by 2.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 30,102 shares of the exchange traded fund’s stock worth $15,389,000 after purchasing an additional 707 shares during the period. Finally, Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $51,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.1 %

Shares of QQQ opened at $526.08 on Monday. The stock has a 50 day simple moving average of $523.39 and a 200 day simple moving average of $501.59. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

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 $0.8347 dividend. 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.