Invesco QQQ (NASDAQ:QQQ) is Zimmermann Investment Management & Planning LLC’s Largest Position

Zimmermann Investment Management & Planning LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,224 shares of the exchange traded fund’s stock after buying an additional 1,636 shares during the period. Invesco QQQ comprises 8.0% of Zimmermann Investment Management & Planning LLC’s investment portfolio, making the stock its largest position. Zimmermann Investment Management & Planning LLC’s holdings in Invesco QQQ were worth $24,063,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of QQQ. International Assets Investment Management LLC boosted its holdings in 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 valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. increased its stake in shares of Invesco QQQ by 789.5% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 88,813 shares of the exchange traded fund’s stock worth $36,371,000 after buying an additional 78,828 shares during the period. Omnia Family Wealth LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth $5,683,000. First Western Trust Bank bought a new stake in Invesco QQQ during the 4th quarter valued at $201,000. Finally, RiverFront Investment Group LLC boosted its position in Invesco QQQ by 9.4% during the 4th quarter. RiverFront Investment Group LLC now owns 103,749 shares of the exchange traded fund’s stock valued at $42,487,000 after buying an additional 8,946 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.1 %

NASDAQ QQQ traded down $5.41 on Wednesday, hitting $471.35. The company’s stock had a trading volume of 35,574,684 shares, compared to its average volume of 40,524,254. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52. The company’s 50-day simple moving average is $474.72 and its 200 day simple moving average is $454.35.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were given a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a yield of 0.65%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th.

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.