HHM Wealth Advisors LLC Has $1.27 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

HHM Wealth Advisors LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,110 shares of the exchange traded fund’s stock after buying an additional 281 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Invesco QQQ were worth $1,274,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC increased its holdings in shares of Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares during the last quarter. Comerica Bank acquired a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $140,657,000. Granite Bay Wealth Management LLC increased its holdings in shares of Invesco QQQ by 47.1% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after acquiring an additional 378,922 shares during the last quarter. CHURCHILL MANAGEMENT Corp increased its holdings in shares of Invesco QQQ by 36.3% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after acquiring an additional 376,661 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Invesco QQQ by 77.2% during the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after acquiring an additional 367,317 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ traded up $6.55 during trading on Friday, hitting $431.00. The stock had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. The company has a 50 day moving average price of $436.88 and a 200-day moving average price of $410.40. Invesco QQQ has a one year low of $315.05 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.53%.

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.