Invesco QQQ (NASDAQ:QQQ) is HBW Advisory Services LLC’s 3rd Largest Position

HBW Advisory Services LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.4% in the fourth quarter, Holdings Channel reports. The firm owned 54,342 shares of the exchange traded fund’s stock after purchasing an additional 1,794 shares during the period. Invesco QQQ accounts for 3.9% of HBW Advisory Services LLC’s investment portfolio, making the stock its 3rd largest holding. HBW Advisory Services LLC’s holdings in Invesco QQQ were worth $27,781,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares during the period. Granite Bay Wealth Management LLC boosted its stake in Invesco QQQ by 6,215.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares during the period. Toronto Dominion Bank boosted its stake in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in Invesco QQQ by 6,880.6% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 395,588 shares of the exchange traded fund’s stock worth $189,530,000 after purchasing an additional 389,921 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after purchasing an additional 338,494 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.3 %

NASDAQ QQQ traded down $6.78 during trading hours on Friday, hitting $508.49. The company had a trading volume of 31,205,065 shares, compared to its average volume of 33,287,629. The firm has a 50 day simple moving average of $514.52 and a 200 day simple moving average of $490.73. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.