WealthPLAN Partners LLC Has $9.04 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Key Points

• WealthPLAN Partners LLC increased its holdings in Invesco QQQ by 4.4% in the first quarter, owning 19,268 shares valued at approximately $9.04 million.
• Invesco QQQ's price has fluctuated between a 1-year low of $402.39 and a 1-year high of $574.63, currently trading at $567.32.
• Recently, Invesco QQQ declared a quarterly dividend of $0.5911 per share, representing an annualized dividend of $2.36 with a yield of 0.4%.

WealthPLAN Partners LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,268 shares of the exchange traded fund's stock after purchasing an additional 818 shares during the quarter. Invesco QQQ makes up about 1.3% of WealthPLAN Partners LLC's portfolio, making the stock its 18th biggest holding. WealthPLAN Partners LLC's holdings in Invesco QQQ were worth $9,035,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Legacy Investment Solutions LLC lifted its holdings in shares of Invesco QQQ by 8.2% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after buying an additional 20 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after buying an additional 20 shares during the period. Willis Johnson & Associates Inc. lifted its holdings in shares of Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after buying an additional 21 shares during the period. MTM Investment Management LLC lifted its holdings in shares of Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after buying an additional 21 shares during the period. Finally, Cutler Investment Counsel LLC lifted its holdings in shares of Invesco QQQ by 1.4% during the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after buying an additional 21 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $567.32 on Thursday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $574.63. The business's fifty day moving average price is $546.86 and its 200-day moving average price is $511.70.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was 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.

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