Strategic Planning Group LLC Reduces Stock Position in Invesco QQQ (NASDAQ:QQQ)

Strategic Planning Group LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 18.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,474 shares of the exchange traded fund’s stock after selling 341 shares during the period. Strategic Planning Group LLC’s holdings in Invesco QQQ were worth $654,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in shares of Invesco QQQ by 40,957.3% in the fourth 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 buying an additional 28,263,426 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after buying an additional 243,305 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Invesco QQQ in the first quarter worth $1,580,776,000. Commonwealth Equity Services LLC raised its position in shares of Invesco QQQ by 7.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after buying an additional 162,691 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp raised its position in shares of Invesco QQQ by 30.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after buying an additional 433,317 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.3 %

Shares of QQQ stock traded down $6.22 on Monday, reaching $473.96. The company’s stock had a trading volume of 37,634,086 shares, compared to its average volume of 41,490,461. The stock’s 50 day simple moving average is $450.34 and its 200-day simple moving average is $434.44. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $486.86.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a dividend of $0.7615 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%.

About Invesco QQQ

(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

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

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