Capasso Planning Partners LLC Sells 2,341 Shares of Invesco QQQ (NASDAQ:QQQ)

Capasso Planning Partners LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 37.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,963 shares of the exchange traded fund’s stock after selling 2,341 shares during the quarter. Invesco QQQ accounts for about 0.8% of Capasso Planning Partners LLC’s holdings, making the stock its 26th biggest position. Capasso Planning Partners LLC’s holdings in Invesco QQQ were worth $2,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC increased its position in Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after buying an additional 19 shares during the period. Planning Capital Management Corp increased its stake in Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC boosted its position in shares of Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after buying an additional 20 shares during the period. Hoese & Co LLP lifted its position in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 20 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.2 %

QQQ stock opened at $471.60 on Wednesday. The firm has a market cap of $297.23 billion, a PE ratio of 33.43 and a beta of 1.11. The company has a fifty day simple moving average of $517.19 and a 200 day simple moving average of $504.07. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders 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.