Invesco QQQ $QQQ is Retirement Planning Co of New England Inc.’s Largest Position

Retirement Planning Co of New England Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 40.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,241 shares of the exchange traded fund’s stock after buying an additional 4,958 shares during the quarter. Invesco QQQ accounts for 3.0% of Retirement Planning Co of New England Inc.’s holdings, making the stock its largest holding. Retirement Planning Co of New England Inc.’s holdings in Invesco QQQ were worth $8,085,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position 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 worth $11,300,023,000 after acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new position in Invesco QQQ during the 1st quarter valued at about $2,775,904,000. Ameriprise Financial Inc. grew its stake in Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock valued at $2,300,993,000 after purchasing an additional 756,990 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in 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 during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock valued at $1,163,036,000 after purchasing an additional 54,944 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $570.40 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32. The stock’s 50-day moving average price is $562.24 and its 200-day moving average price is $517.30.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.

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.