Financial Planners of Cleveland Inc. Has $393,000 Stock Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

Financial Planners of Cleveland Inc. decreased its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQGet Rating) by 64.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,083 shares of the exchange traded fund’s stock after selling 1,939 shares during the period. Financial Planners of Cleveland Inc.’s holdings in Invesco QQQ Trust were worth $393,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Peregrine Asset Advisers Inc. boosted its stake in Invesco QQQ Trust by 1.0% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,743 shares of the exchange traded fund’s stock worth $1,091,000 after purchasing an additional 28 shares during the period. Pacific Sun Financial Corp boosted its stake in Invesco QQQ Trust by 0.5% in the 4th quarter. Pacific Sun Financial Corp now owns 5,237 shares of the exchange traded fund’s stock worth $2,084,000 after purchasing an additional 28 shares during the period. Sandbox Financial Partners LLC boosted its stake in Invesco QQQ Trust by 1.6% in the 1st quarter. Sandbox Financial Partners LLC now owns 1,828 shares of the exchange traded fund’s stock worth $663,000 after purchasing an additional 29 shares during the period. Alliance Wealth Management Group boosted its stake in Invesco QQQ Trust by 1.6% in the 4th quarter. Alliance Wealth Management Group now owns 1,920 shares of the exchange traded fund’s stock worth $764,000 after purchasing an additional 30 shares during the period. Finally, Towercrest Capital Management boosted its stake in Invesco QQQ Trust by 0.5% in the 4th quarter. Towercrest Capital Management now owns 6,035 shares of the exchange traded fund’s stock worth $2,401,000 after purchasing an additional 30 shares during the period. Institutional investors own 42.74% of the company’s stock.

QQQ stock traded up $3.36 during midday trading on Thursday, hitting $284.03. The company’s stock had a trading volume of 2,544,252 shares, compared to its average volume of 58,921,908. Invesco QQQ Trust has a 12 month low of $269.28 and a 12 month high of $408.71. The company has a 50 day moving average of $305.35 and a two-hundred day moving average of $343.21.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Wednesday, June 22nd will be given a dividend of $0.527 per share. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.43. This represents a $2.11 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Tuesday, June 21st.

Invesco QQQ Trust Company Profile (Get Rating)

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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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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