Retirement Planning Group LLC Has $14.83 Million Position in Invesco QQQ (NASDAQ:QQQ)

Retirement Planning Group LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,958 shares of the exchange traded fund’s stock after buying an additional 645 shares during the quarter. Invesco QQQ accounts for approximately 0.9% of Retirement Planning Group LLC’s holdings, making the stock its 21st biggest holding. Retirement Planning Group LLC’s holdings in Invesco QQQ were worth $14,832,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in QQQ. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ during the first quarter worth $28,000. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $29,000. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at about $35,000. Finally, Red Tortoise LLC grew its stake in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $2.34 during mid-day trading on Friday, hitting $450.41. 33,573,976 shares of the stock were exchanged, compared to its average volume of 46,461,876. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The stock’s fifty day simple moving average is $473.79 and its two-hundred day simple moving average is $450.49.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were issued a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.68%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th.

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.