Sigma Planning Corp Trims Stake in Invesco QQQ $QQQ

Sigma Planning Corp lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 132,487 shares of the exchange traded fund’s stock after selling 3,830 shares during the quarter. Invesco QQQ makes up approximately 2.2% of Sigma Planning Corp’s investment portfolio, making the stock its 5th largest holding. Sigma Planning Corp’s holdings in Invesco QQQ were worth $73,086,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC boosted its position in Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after acquiring an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco QQQ by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock valued at $1,501,063,000 after purchasing an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after purchasing an additional 54,944 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.5%

Shares of QQQ stock opened at $629.07 on Monday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The stock has a 50 day simple moving average of $596.70 and a two-hundred day simple moving average of $554.59.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were paid a $0.694 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.