Walled Lake Planning & Wealth Management LLC Has $298,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Walled Lake Planning & Wealth Management LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 3.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 635 shares of the exchange traded fund’s stock after selling 23 shares during the period. Walled Lake Planning & Wealth Management LLC’s holdings in Invesco QQQ were worth $298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in shares of Invesco QQQ during the first quarter valued at about $14,145,000. RD Finance Ltd acquired a new position in shares of Invesco QQQ during the first quarter valued at about $44,618,000. FSA Advisors Inc. raised its holdings in shares of Invesco QQQ by 70.6% during the first quarter. FSA Advisors Inc. now owns 4,406 shares of the exchange traded fund’s stock valued at $2,067,000 after purchasing an additional 1,824 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Invesco QQQ by 50.9% during the first quarter. Geneos Wealth Management Inc. now owns 91,069 shares of the exchange traded fund’s stock valued at $42,704,000 after purchasing an additional 30,721 shares during the period. Finally, N.E.W. Advisory Services LLC raised its holdings in shares of Invesco QQQ by 43.3% during the first quarter. N.E.W. Advisory Services LLC now owns 8,535 shares of the exchange traded fund’s stock valued at $4,002,000 after purchasing an additional 2,577 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.3%

Shares of NASDAQ QQQ opened at $568.14 on Tuesday. The firm’s 50-day moving average price is $540.06 and its 200-day moving average price is $509.18. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $569.04.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Monday, June 23rd.

Invesco QQQ Company Profile

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.