Consolidated Planning Corp Lowers Holdings in Invesco QQQ Trust (NASDAQ:QQQ)

Consolidated Planning Corp lowered its position in Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,451 shares of the exchange traded fund’s stock after selling 796 shares during the quarter. Invesco QQQ Trust makes up about 1.7% of Consolidated Planning Corp’s holdings, making the stock its 15th biggest holding. Consolidated Planning Corp’s holdings in Invesco QQQ Trust were worth $5,466,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in QQQ. Ironwood Wealth Management LLC. lifted its stake in Invesco QQQ Trust by 7.4% in the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after acquiring an additional 381 shares during the last quarter. Axiom Financial Strategies LLC lifted its stake in Invesco QQQ Trust by 11.6% in the first quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 85 shares during the last quarter. Roundview Capital LLC raised its holdings in Invesco QQQ Trust by 0.9% during the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after purchasing an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Invesco QQQ Trust by 11.2% during the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after purchasing an additional 278 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Invesco QQQ Trust by 309.2% during the first quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after purchasing an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 43.08% of the company’s stock.

Invesco QQQ Trust Price Performance

QQQ stock opened at $283.98 on Wednesday. Invesco QQQ Trust has a twelve month low of $254.26 and a twelve month high of $371.83. The company’s 50 day moving average is $278.24 and its two-hundred day moving average is $287.48.

Invesco QQQ Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Tuesday, December 20th were issued a dividend of $0.655 per share. The ex-dividend date was Monday, December 19th. This represents a $2.62 dividend on an annualized basis and a yield of 0.92%. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.52.

Invesco QQQ Trust Company Profile

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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.