Invesco QQQ (NASDAQ:QQQ) is Asset Planning Services Inc. LA ADV's 2nd Largest Position

Asset Planning Services Inc. LA ADV lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 100,517.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 932,728 shares of the exchange traded fund's stock after purchasing an additional 931,801 shares during the period. Invesco QQQ comprises approximately 5.5% of Asset Planning Services Inc. LA ADV's portfolio, making the stock its 2nd biggest holding. Asset Planning Services Inc. LA ADV owned about 0.15% of Invesco QQQ worth $437,375,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Providence First Trust Co grew its stake in shares of Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after purchasing an additional 20 shares during the period. Diversified Enterprises LLC boosted its holdings in Invesco QQQ by 0.4% during the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock worth $2,679,000 after buying an additional 20 shares in the last quarter. Prevail Innovative Wealth Advisors LLC boosted its holdings in Invesco QQQ by 4.3% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after buying an additional 20 shares in the last quarter. Legacy Investment Solutions LLC grew its position in Invesco QQQ by 8.2% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after buying an additional 20 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC increased its holdings in Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after buying an additional 20 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $5.06 during trading on Thursday, reaching $546.22. 43,614,634 shares of the company's stock traded hands, compared to its average volume of 38,801,030. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $547.05. The company has a 50-day simple moving average of $505.63 and a 200-day simple moving average of $503.71.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 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.