Capital & Planning LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 25.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,610 shares of the exchange traded fund's stock after selling 1,234 shares during the period. Capital & Planning LLC's holdings in Invesco QQQ were worth $1,696,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of QQQ. NWI Management LP boosted its holdings in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC boosted its position in Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. Senator Investment Group LP bought a new position in Invesco QQQ during the fourth quarter valued at about $679,936,000. Spear Holdings RSC Ltd purchased a new position in Invesco QQQ in the first quarter valued at about $474,600,000. Finally, Asset Planning Services Inc. LA ADV boosted its stake in Invesco QQQ by 100,517.9% in the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock valued at $437,375,000 after acquiring an additional 931,801 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded up $3.91 during midday trading on Wednesday, hitting $556.25. The company's stock had a trading volume of 41,860,085 shares, compared to its average volume of 39,367,582. The stock has a fifty day moving average price of $522.66 and a 200 day moving average price of $505.17. Invesco QQQ has a one year low of $402.39 and a one year high of $557.57.
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 issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
Invesco QQQ Company Profile
(
Free Report)
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.
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