New England Professional Planning Group Inc. Sells 381 Shares of Invesco QQQ (NASDAQ:QQQ)

New England Professional Planning Group Inc. lowered its position in Invesco QQQ (NASDAQ:QQQ) by 42.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 507 shares of the exchange traded fund’s stock after selling 381 shares during the quarter. New England Professional Planning Group Inc.’s holdings in Invesco QQQ were worth $247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Atwater Malick LLC bought a new stake in Invesco QQQ during the first quarter worth about $293,000. Westwood Holdings Group Inc. grew its position in Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares during the last quarter. GenWealth Group Inc. increased its holdings in Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after purchasing an additional 2,325 shares in the last quarter. Socha Financial Group LLC raised its position in Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after purchasing an additional 1,153 shares during the last quarter. Finally, SVB Wealth LLC boosted its stake in shares of Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after purchasing an additional 2,453 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $0.25 during midday trading on Friday, hitting $492.84. 7,819,512 shares of the stock were exchanged, compared to its average volume of 39,246,535. The business’s 50-day moving average price is $471.66 and its 200 day moving average price is $462.79. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date is Monday, September 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.