Creative Planning Cuts Position in Invesco QQQ (NASDAQ:QQQ)

Creative Planning decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 590,395 shares of the exchange traded fund’s stock after selling 719 shares during the quarter. Creative Planning’s holdings in Invesco QQQ were worth $286,450,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the 1st quarter valued at $28,000. Mechanics Financial Corp purchased a new position in Invesco QQQ during the second quarter valued at $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $40,000. CGC Financial Services LLC increased its stake in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its position in shares of Invesco QQQ by 30.4% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of Invesco QQQ stock opened at $494.47 on Friday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The firm’s 50-day moving average price is $477.68 and its 200 day moving average price is $464.82.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a $0.677 dividend. The ex-dividend date is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

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.