HBW Advisory Services LLC Boosts Position in Invesco QQQ (NASDAQ:QQQ)

HBW Advisory Services LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,342 shares of the exchange traded fund’s stock after buying an additional 1,794 shares during the period. Invesco QQQ makes up 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Lantz Financial LLC acquired a new position in shares of Invesco QQQ during the second quarter worth approximately $214,000. Campbell Wealth Management raised its position in shares of Invesco QQQ by 3.7% during the second quarter. Campbell Wealth Management now owns 159,061 shares of the exchange traded fund’s stock worth $76,208,000 after purchasing an additional 5,603 shares during the period. Cibc World Market Inc. raised its position in shares of Invesco QQQ by 15.7% during the second quarter. Cibc World Market Inc. now owns 329,918 shares of the exchange traded fund’s stock worth $158,067,000 after purchasing an additional 44,863 shares during the period. Y.D. More Investments Ltd raised its position in shares of Invesco QQQ by 0.6% during the second quarter. Y.D. More Investments Ltd now owns 28,259 shares of the exchange traded fund’s stock worth $13,537,000 after purchasing an additional 155 shares during the period. Finally, Johnson Investment Counsel Inc. raised its position in shares of Invesco QQQ by 23.7% during the second quarter. Johnson Investment Counsel Inc. now owns 73,819 shares of the exchange traded fund’s stock worth $35,367,000 after purchasing an additional 14,123 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $6.78 during trading on Friday, reaching $508.49. 31,205,065 shares of the stock were exchanged, compared to its average volume of 33,287,629. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15. The stock has a fifty day moving average of $514.52 and a two-hundred day moving average of $490.73.

Invesco QQQ Dividend Announcement

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

About Invesco QQQ

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.