Invesco QQQ $QQQ Shares Sold by Retirement Planning Group LLC

Retirement Planning Group LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,529 shares of the exchange traded fund’s stock after selling 845 shares during the quarter. Invesco QQQ comprises about 0.9% of Retirement Planning Group LLC’s investment portfolio, making the stock its 22nd biggest position. Retirement Planning Group LLC’s holdings in Invesco QQQ were worth $21,254,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Morgan Dempsey Capital Management LLC purchased a new position in Invesco QQQ in the second quarter valued at about $30,000. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ in the second quarter valued at about $41,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth about $51,000. Finally, Blume Capital Management Inc. increased its position in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.0%

Shares of NASDAQ QQQ opened at $611.38 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The stock’s 50-day simple moving average is $588.70 and its 200-day simple moving average is $543.16.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.