Capital Planning LLC Has $2.48 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Capital Planning LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,844 shares of the exchange traded fund’s stock after acquiring an additional 229 shares during the period. Capital Planning LLC’s holdings in Invesco QQQ were worth $2,477,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas bought a new position in Invesco QQQ in the 3rd quarter valued at about $62,000. Pacifica Partners Inc. acquired a new position in Invesco QQQ during the 4th quarter valued at about $73,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares in the last quarter. Finally, Providence Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the second quarter worth approximately $76,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.7 %

Shares of Invesco QQQ stock opened at $521.74 on Friday. The stock has a fifty day simple moving average of $515.79 and a 200 day simple moving average of $491.80. Invesco QQQ has a 12-month low of $409.16 and a 12-month high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 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.