Lakeshore Financial Planning Inc. Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Lakeshore Financial Planning Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,155 shares of the exchange traded fund’s stock after buying an additional 721 shares during the period. Invesco QQQ comprises about 1.5% of Lakeshore Financial Planning Inc.’s portfolio, making the stock its 13th biggest position. Lakeshore Financial Planning Inc.’s holdings in Invesco QQQ were worth $3,492,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares during the period. Steel Grove Capital Advisors LLC lifted its position in Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after acquiring an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC lifted its position in Invesco QQQ by 18,691.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock worth $13,307,000 after acquiring an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC increased its holdings in shares of Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the period. Finally, Harvard Management Co. Inc. acquired a new position in Invesco QQQ in the 1st quarter valued at $304,591,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $513.54 on Friday. The company has a 50-day moving average price of $483.00 and a 200 day moving average price of $470.34. Invesco QQQ has a 52 week low of $369.57 and a 52 week high of $514.33.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%.

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.