Sterling Financial Planning Inc. Raises Position in Invesco QQQ $QQQ

by · The Cerbat Gem

Sterling Financial Planning Inc. increased its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,843 shares of the exchange traded fund’s stock after acquiring an additional 83 shares during the period. Invesco QQQ comprises approximately 1.3% of Sterling Financial Planning Inc.’s holdings, making the stock its 23rd largest position. Sterling Financial Planning Inc.’s holdings in Invesco QQQ were worth $3,775,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its holdings in Invesco QQQ by 10.0% in the 2nd quarter. Harbour Investments Inc. now owns 261,408 shares of the exchange traded fund’s stock worth $144,203,000 after acquiring an additional 23,724 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Invesco QQQ by 0.5% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,928 shares of the exchange traded fund’s stock worth $3,270,000 after purchasing an additional 29 shares during the last quarter. Aries Wealth Management raised its position in Invesco QQQ by 6.3% in the 2nd quarter. Aries Wealth Management now owns 3,511 shares of the exchange traded fund’s stock worth $1,937,000 after buying an additional 208 shares during the last quarter. JGP Wealth Management LLC raised its position in Invesco QQQ by 12.6% in the 2nd quarter. JGP Wealth Management LLC now owns 1,601 shares of the exchange traded fund’s stock worth $883,000 after buying an additional 179 shares during the last quarter. Finally, Cypress Wealth Services LLC raised its position in Invesco QQQ by 23.2% in the 2nd quarter. Cypress Wealth Services LLC now owns 6,531 shares of the exchange traded fund’s stock worth $3,603,000 after buying an additional 1,231 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $602.22 on Thursday. The business has a 50-day simple moving average of $586.10 and a two-hundred day simple moving average of $538.48. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

About Invesco QQQ

(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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