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IFG Advisors LLC Sells 2,307 Shares of Invesco QQQ $QQQ

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Key Points

  • IFG Advisors LLC sold 2,307 shares of Invesco QQQ, trimming its position by 3.4% to 64,700 shares worth $39,746,000; QQQ now represents about 6.6% of IFG’s portfolio and is its 5th largest holding.
  • Invesco QQQ declared a quarterly dividend of $0.7328 per share (annualized $2.93, yield 0.5%) with record and ex-dividend dates on March 23 and payment on March 27.
  • QQQ is trading around $573.79 (12‑month range $402.39–$637.01) and faces mixed near-term drivers — ETF outflows, geopolitical and oil-price risks and new ETF competition vs. potential inflows from product innovation and deal-related optimism.
  • Interested in Invesco QQQ? Here are five stocks we like better.

IFG Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,700 shares of the exchange traded fund's stock after selling 2,307 shares during the period. Invesco QQQ comprises approximately 6.6% of IFG Advisors LLC's holdings, making the stock its 5th largest holding. IFG Advisors LLC's holdings in Invesco QQQ were worth $39,746,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco QQQ by 0.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund's stock worth $1,778,116,000 after purchasing an additional 22,220 shares in the last quarter. HRT Financial LP increased its stake in shares of Invesco QQQ by 118.3% in the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund's stock valued at $1,735,226,000 after buying an additional 1,704,600 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Invesco QQQ by 0.3% in the third quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund's stock valued at $1,843,749,000 after buying an additional 8,038 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco QQQ by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund's stock valued at $1,792,901,000 after buying an additional 64,025 shares during the last quarter. Finally, US Bancorp DE lifted its position in Invesco QQQ by 0.5% during the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund's stock worth $827,346,000 after buying an additional 7,378 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $573.79 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The company's 50-day moving average price is $607.24 and its two-hundred day moving average price is $609.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be given a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, March 23rd.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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