HFG Advisors Inc. Cuts Position in Invesco QQQ (NASDAQ:QQQ)

HFG Advisors Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,843 shares of the exchange traded fund's stock after selling 849 shares during the quarter. Invesco QQQ makes up approximately 8.4% of HFG Advisors Inc.'s holdings, making the stock its largest position. HFG Advisors Inc.'s holdings in Invesco QQQ were worth $9,774,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Providence First Trust Co lifted its holdings in shares of Invesco QQQ by 3.0% in the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after buying an additional 20 shares during the period. Diversified Enterprises LLC grew its holdings in Invesco QQQ by 0.4% during the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock worth $2,679,000 after acquiring an additional 20 shares during the period. Prevail Innovative Wealth Advisors LLC raised its position in Invesco QQQ by 4.3% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after acquiring an additional 20 shares in the last quarter. Legacy Investment Solutions LLC lifted its holdings in Invesco QQQ by 8.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after acquiring an additional 20 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its position in shares of Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.0%

Shares of QQQ opened at $528.99 on Thursday. The firm's 50 day moving average is $497.46 and its 200-day moving average is $503.26. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

Invesco QQQ 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.

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