Total Wealth Planning LLC Has $715,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Total Wealth Planning LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,610 shares of the exchange traded fund’s stock after selling 96 shares during the quarter. Total Wealth Planning LLC’s holdings in Invesco QQQ were worth $715,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of QQQ. Summit X LLC increased its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after buying an additional 24 shares during the period. IMA Wealth Inc. increased its stake in shares of Invesco QQQ by 1.3% in the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after buying an additional 25 shares during the period. S.A. Mason LLC increased its stake in shares of Invesco QQQ by 1.5% in the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after buying an additional 25 shares during the period. Lauterbach Financial Advisors LLC increased its position in Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares during the period. Finally, Cedrus LLC increased its position in Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $486.30 on Wednesday. The company has a 50 day simple moving average of $456.11 and a two-hundred day simple moving average of $437.32. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $487.20.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.