Professional Planning Sells 1,052 Shares of Invesco QQQ Trust (NASDAQ:QQQ)

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Professional Planning decreased its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,217 shares of the exchange traded fund’s stock after selling 1,052 shares during the quarter. Invesco QQQ Trust accounts for about 7.3% of Professional Planning’s investment portfolio, making the stock its 5th largest position. Professional Planning’s holdings in Invesco QQQ Trust were worth $6,838,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Macroview Investment Management LLC boosted its stake in Invesco QQQ Trust by 112.7% in the 2nd quarter. Macroview Investment Management LLC now owns 135 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 1,200 shares during the period. Larson Financial Group LLC acquired a new position in Invesco QQQ Trust in the 2nd quarter worth approximately $29,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Invesco QQQ Trust in the 2nd quarter worth approximately $44,000. Prestige Wealth Management Group LLC acquired a new position in Invesco QQQ Trust in the 2nd quarter worth approximately $68,000. Finally, Lenox Wealth Management Inc. boosted its stake in Invesco QQQ Trust by 33.8% in the 2nd quarter. Lenox Wealth Management Inc. now owns 475 shares of the exchange traded fund’s stock worth $88,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 45.92% of the company’s stock.

Invesco QQQ Trust stock traded down $1.52 during midday trading on Friday, reaching $192.03. The stock had a trading volume of 17,557,593 shares, compared to its average volume of 30,951,920. The firm’s fifty day simple moving average is $189.61 and its two-hundred day simple moving average is $186.94. Invesco QQQ Trust has a twelve month low of $143.46 and a twelve month high of $195.55.

The company also recently disclosed a — dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, September 24th will be paid a $0.3842 dividend. This represents a yield of 0.8%. The ex-dividend date is Monday, September 23rd.

Invesco QQQ Trust 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.

See Also: Inverted Yield Curve

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

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