Mark Sheptoff Financial Planning LLC Has $354,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Mark Sheptoff Financial Planning LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 17.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 726 shares of the exchange traded fund’s stock after selling 150 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Invesco QQQ were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Plotkin Financial Advisors LLC bought a new stake in Invesco QQQ in the third quarter valued at $9,244,000. Tradition Wealth Management LLC grew its stake in shares of Invesco QQQ by 1.4% in the 3rd quarter. Tradition Wealth Management LLC now owns 31,939 shares of the exchange traded fund’s stock valued at $15,588,000 after buying an additional 431 shares during the period. Encompass More Asset Management bought a new stake in Invesco QQQ in the 3rd quarter valued at about $454,000. Circle Wealth Management LLC increased its position in Invesco QQQ by 6.4% in the 3rd quarter. Circle Wealth Management LLC now owns 50,316 shares of the exchange traded fund’s stock valued at $24,558,000 after buying an additional 3,006 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in Invesco QQQ during the 3rd quarter worth approximately $791,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $509.74 on Friday. The business has a 50 day moving average price of $496.13 and a 200-day moving average price of $479.19. Invesco QQQ has a 52 week low of $382.66 and a 52 week high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

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.