IFG Advisory LLC Purchases 3,046 Shares of Invesco QQQ $QQQ

IFG Advisory LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.6% in the second quarter, Holdings Channel reports. The firm owned 87,923 shares of the exchange traded fund’s stock after acquiring an additional 3,046 shares during the period. Invesco QQQ accounts for 2.4% of IFG Advisory LLC’s investment portfolio, making the stock its biggest position. IFG Advisory LLC’s holdings in Invesco QQQ were worth $48,502,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Morgan Dempsey Capital Management LLC purchased a new position in shares of Invesco QQQ in the 2nd quarter valued at $30,000. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ during the 2nd quarter worth $41,000. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Moser Wealth Advisors LLC raised its position in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the period. Finally, Atlantic Private Wealth LLC lifted its stake in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.5%

Shares of NASDAQ QQQ opened at $626.05 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The business has a 50-day moving average of $595.56 and a 200-day moving average of $551.96.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.4%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is 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.