Wrenne Financial Planning LLC Cuts Stake in Invesco QQQ (NASDAQ:QQQ)

Wrenne Financial Planning LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 862 shares of the exchange traded fund’s stock after selling 30 shares during the quarter. Invesco QQQ comprises about 0.3% of Wrenne Financial Planning LLC’s holdings, making the stock its 25th biggest holding. Wrenne Financial Planning LLC’s holdings in Invesco QQQ were worth $421,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of QQQ. Northeast Investment Management lifted its stake in Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 20 shares during the period. Planning Capital Management Corp lifted its stake in Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 20 shares during the period. Prospect Financial Services LLC lifted its stake in Invesco QQQ by 0.3% in 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 period. Skyline Advisors Inc. lifted its stake in Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares during the period. Finally, Madden Advisory Services Inc. lifted its stake in Invesco QQQ by 0.9% in the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after acquiring an additional 21 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.4 %

NASDAQ:QQQ opened at $505.17 on Friday. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58. The company has a 50-day moving average of $492.47 and a 200 day moving average of $476.22.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.54%.

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.