Falcon Wealth Planning Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Falcon Wealth Planning boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,846 shares of the exchange traded fund’s stock after purchasing an additional 3,426 shares during the period. Invesco QQQ comprises approximately 3.9% of Falcon Wealth Planning’s holdings, making the stock its 8th largest holding. Falcon Wealth Planning’s holdings in Invesco QQQ were worth $33,602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northeast Investment Management boosted its position in shares of Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after purchasing an additional 20 shares in the last quarter. Prospect Financial Services LLC grew its stake in shares of Invesco QQQ by 0.3% during the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares during the last quarter. Skyline Advisors Inc. increased its holdings in shares of Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares in the last quarter. Madden Advisory Services Inc. raised its position in shares of Invesco QQQ by 0.9% in the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after purchasing an additional 21 shares during the last quarter. Finally, Sweeney & Michel LLC boosted its stake in Invesco QQQ by 4.0% in the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.0 %

Invesco QQQ stock traded up $4.63 during trading hours on Tuesday, hitting $490.64. 4,467,503 shares of the stock traded hands, compared to its average volume of 38,405,621. Invesco QQQ has a 1 year low of $366.91 and a 1 year high of $503.52. The firm’s 50 day moving average price is $482.01 and its 200-day moving average price is $469.55.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.55%.

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.