Holistic Planning LLC Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Holistic Planning LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,531 shares of the exchange traded fund's stock after purchasing an additional 795 shares during the period. Invesco QQQ makes up 1.2% of Holistic Planning LLC's investment portfolio, making the stock its 16th largest holding. Holistic Planning LLC's holdings in Invesco QQQ were worth $3,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Hibernia Wealth Partners LLC raised its position in Invesco QQQ by 5.5% during the first quarter. Hibernia Wealth Partners LLC now owns 2,973 shares of the exchange traded fund's stock worth $1,394,000 after acquiring an additional 154 shares during the last quarter. Oak Wealth Advisors LLC increased its stake in shares of Invesco QQQ by 28.0% during the 1st quarter. Oak Wealth Advisors LLC now owns 1,327 shares of the exchange traded fund's stock worth $622,000 after purchasing an additional 290 shares in the last quarter. 4Thought Financial Group Inc. raised its position in shares of Invesco QQQ by 8,516.7% during the 1st quarter. 4Thought Financial Group Inc. now owns 517 shares of the exchange traded fund's stock worth $242,000 after purchasing an additional 511 shares during the last quarter. GenTrust LLC raised its position in shares of Invesco QQQ by 13.6% during the 1st quarter. GenTrust LLC now owns 103,480 shares of the exchange traded fund's stock worth $48,598,000 after purchasing an additional 12,383 shares during the last quarter. Finally, KG&L Capital Management LLC lifted its stake in Invesco QQQ by 5.1% in the 1st quarter. KG&L Capital Management LLC now owns 3,823 shares of the exchange traded fund's stock valued at $1,793,000 after buying an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.3%

Shares of QQQ traded up $1.87 during trading hours on Friday, reaching $548.09. 57,440,636 shares of the company traded hands, compared to its average volume of 38,939,323. The stock has a fifty day simple moving average of $507.68 and a 200 day simple moving average of $503.87. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $549.90.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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.