Invesco QQQ (NASDAQ:QQQ) Shares Sold by Strategic Planning Group LLC

Strategic Planning Group LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,163 shares of the exchange traded fund’s stock after selling 57 shares during the period. Strategic Planning Group LLC’s holdings in Invesco QQQ were worth $546,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. PayPay Securities Corp lifted its stake in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the 4th quarter valued at about $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth $51,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.8%

NASDAQ:QQQ opened at $527.30 on Wednesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The firm has a fifty day simple moving average of $479.75 and a 200 day simple moving average of $501.34. The stock has a market capitalization of $338.97 billion, a PE ratio of 32.66 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

Invesco QQQ 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.