American Planning Services Inc. Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

American Planning Services Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,532 shares of the exchange traded fund’s stock after buying an additional 848 shares during the period. Invesco QQQ accounts for 10.6% of American Planning Services Inc.’s investment portfolio, making the stock its 2nd largest position. American Planning Services Inc.’s holdings in Invesco QQQ were worth $15,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Prospect Financial Services LLC grew its holdings in Invesco QQQ by 0.3% during the 2nd 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 in the last quarter. Sweeney & Michel LLC grew its stake in Invesco QQQ by 4.0% in the second quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 22 shares during the last quarter. Family Firm Inc. grew its stake in Invesco QQQ by 3.1% in the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 22 shares during the last quarter. CarsonAllaria Wealth Management Ltd. raised its holdings in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 24 shares in the last quarter. Finally, Second Line Capital LLC lifted its position in shares of Invesco QQQ by 2.6% during the first quarter. Second Line Capital LLC now owns 951 shares of the exchange traded fund’s stock valued at $422,000 after buying an additional 24 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

Shares of Invesco QQQ stock opened at $475.34 on Monday. The firm’s 50 day moving average price is $470.09 and its 200-day moving average price is $457.36. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a $0.7615 dividend. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th.

About Invesco QQQ

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.