Invesco QQQ $QQQ Shares Acquired by Waller Financial Planning Group Inc.

Key Points

• Waller Financial Planning Group Inc. increased its holdings in Invesco QQQ by 64.7% during the second quarter, owning 1,509 shares valued at approximately $832,000.
• Invesco QQQ has experienced significant activity from institutional investors, with 44.58% of the stock owned by institutional investors and hedge funds.
• The company announced a quarterly dividend of $0.5911 per share, yielding 0.4% annually, highlighting a recent dividend cut.

Waller Financial Planning Group Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 64.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,509 shares of the exchange traded fund's stock after purchasing an additional 593 shares during the period. Waller Financial Planning Group Inc.'s holdings in Invesco QQQ were worth $832,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Compass Financial Services Inc lifted its position in Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock valued at $2,345,000 after acquiring an additional 19 shares during the last quarter. Willis Johnson & Associates Inc. increased its stake in Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after purchasing an additional 21 shares during the period. MTM Investment Management LLC increased its stake in Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after purchasing an additional 21 shares during the period. Cutler Investment Counsel LLC increased its stake in Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after purchasing an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC increased its stake in Invesco QQQ by 1.6% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after purchasing an additional 22 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.9%

NASDAQ QQQ traded up $5.02 during trading on Monday, reaching $591.68. The company's stock had a trading volume of 44,232,160 shares, compared to its average volume of 45,324,832. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $591.79. The business's fifty day moving average price is $568.24 and its 200-day moving average price is $520.68.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

Invesco QQQ Company 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.