HHM Wealth Advisors LLC Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

HHM Wealth Advisors LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,120 shares of the exchange traded fund’s stock after buying an additional 40 shares during the period. HHM Wealth Advisors LLC’s holdings in Invesco QQQ were worth $994,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter valued at $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ during the 1st quarter worth $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ during the 4th quarter worth $57,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.1%

Shares of NASDAQ:QQQ opened at $568.02 on Thursday. The firm has a fifty day moving average price of $542.10 and a 200 day moving average price of $509.98. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $572.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Monday, June 23rd.

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.