2,692 Shares in Invesco QQQ $QQQ Bought by Financial Planning Hawaii Inc.

Financial Planning Hawaii Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the 4th quarter, HoldingsChannel reports. The firm purchased 2,692 shares of the exchange traded fund’s stock, valued at approximately $1,654,000. Invesco QQQ makes up 1.0% of Financial Planning Hawaii Inc.’s portfolio, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. Rebalance LLC increased its holdings in shares of Invesco QQQ by 20.1% in the fourth quarter. Rebalance LLC now owns 425 shares of the exchange traded fund’s stock worth $261,000 after buying an additional 71 shares during the period. Corepath Wealth Partners LLC boosted its holdings in Invesco QQQ by 19.7% during the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after acquiring an additional 1,436 shares during the period. CLG LLC grew its position in Invesco QQQ by 13.3% during the 4th quarter. CLG LLC now owns 562 shares of the exchange traded fund’s stock worth $345,000 after acquiring an additional 66 shares during the last quarter. J. Safra Sarasin Holding AG grew its position in Invesco QQQ by 0.6% during the 4th quarter. J. Safra Sarasin Holding AG now owns 12,897 shares of the exchange traded fund’s stock worth $7,945,000 after acquiring an additional 75 shares during the last quarter. Finally, Wealth Quarterback LLC increased its stake in Invesco QQQ by 30.3% in the 4th quarter. Wealth Quarterback LLC now owns 38,557 shares of the exchange traded fund’s stock worth $23,686,000 after purchasing an additional 8,970 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.8%

Shares of QQQ stock opened at $558.28 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The stock has a 50 day moving average price of $604.81 and a two-hundred day moving average price of $609.63.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.7328 dividend. This represents a $2.93 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

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Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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