Retirement Planning Group LLC NY Acquires Shares of 18,952 Invesco QQQ (NASDAQ:QQQ)

Retirement Planning Group LLC NY bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 18,952 shares of the exchange traded fund's stock, valued at approximately $9,689,000. Invesco QQQ makes up about 10.7% of Retirement Planning Group LLC NY's portfolio, making the stock its biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Stephens Consulting LLC raised its stake in Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after buying an additional 19 shares during the period. Farmers & Merchants Investments Inc. increased its holdings in shares of Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after acquiring an additional 20 shares during the last quarter. RAM Investment Partners LLC raised its stake in Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after acquiring an additional 20 shares during the period. HighMark Wealth Management LLC raised its stake in Invesco QQQ by 5.2% in the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after acquiring an additional 20 shares during the period. Finally, Providence First Trust Co lifted its holdings in Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after purchasing an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.0%

Shares of NASDAQ:QQQ traded up $0.04 on Wednesday, hitting $521.26. The company had a trading volume of 17,837,608 shares, compared to its average volume of 37,329,542. The stock has a market cap of $326.65 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The stock has a 50 day moving average price of $476.24 and a 200 day moving average price of $500.91. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.