Capital & Planning LLC Has $1.70 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Capital & Planning LLC lowered its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 25.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,610 shares of the exchange traded fund's stock after selling 1,234 shares during the quarter. Capital & Planning LLC's holdings in Invesco QQQ were worth $1,696,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Viewpoint Capital Management LLC boosted its stake in shares of Invesco QQQ by 12.0% during the 1st quarter. Viewpoint Capital Management LLC now owns 3,883 shares of the exchange traded fund's stock worth $1,821,000 after acquiring an additional 415 shares in the last quarter. One Day In July LLC boosted its stake in Invesco QQQ by 4.5% during the 1st quarter. One Day In July LLC now owns 4,810 shares of the exchange traded fund's stock valued at $2,255,000 after purchasing an additional 206 shares during the period. Burke & Herbert Bank & Trust Co. boosted its stake in Invesco QQQ by 1.1% during the 1st quarter. Burke & Herbert Bank & Trust Co. now owns 11,496 shares of the exchange traded fund's stock valued at $5,391,000 after purchasing an additional 122 shares during the period. Sutton Place Investors LLC bought a new stake in Invesco QQQ during the 1st quarter valued at approximately $271,000. Finally, Sharp Financial Services LLC boosted its stake in Invesco QQQ by 33.9% during the 1st quarter. Sharp Financial Services LLC now owns 975 shares of the exchange traded fund's stock valued at $457,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $4.19 during mid-day trading on Monday, hitting $552.03. 45,126,311 shares of the company's stock traded hands, compared to its average volume of 39,298,673. The firm has a 50 day moving average of $519.53 and a two-hundred day moving average of $504.60. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.20.

Invesco QQQ Cuts Dividend

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

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.