Invesco QQQ (NASDAQ:QQQ) Shares Sold by Capasso Planning Partners LLC

Capasso Planning Partners LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 17.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 6,304 shares of the exchange traded fund’s stock after selling 1,335 shares during the quarter. Invesco QQQ makes up about 0.9% of Capasso Planning Partners LLC’s holdings, making the stock its 19th biggest holding. Capasso Planning Partners LLC’s holdings in Invesco QQQ were worth $3,077,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Old North State Trust LLC raised its stake in shares of Invesco QQQ by 3.9% in the 3rd quarter. Old North State Trust LLC now owns 1,437 shares of the exchange traded fund’s stock valued at $701,000 after acquiring an additional 54 shares during the period. Peapack Gladstone Financial Corp raised its position in Invesco QQQ by 0.4% in the third quarter. Peapack Gladstone Financial Corp now owns 347,863 shares of the exchange traded fund’s stock valued at $169,781,000 after purchasing an additional 1,473 shares during the period. Destination Wealth Management lifted its stake in Invesco QQQ by 23.7% during the third quarter. Destination Wealth Management now owns 16,971 shares of the exchange traded fund’s stock worth $8,283,000 after purchasing an additional 3,253 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Invesco QQQ by 92.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 110,159 shares of the exchange traded fund’s stock worth $53,765,000 after buying an additional 52,800 shares during the period. Finally, Arvest Bank Trust Division acquired a new stake in shares of Invesco QQQ in the third quarter valued at $21,565,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $526.50 on Friday. The stock’s 50-day moving average price is $502.92 and its 200 day moving average price is $483.29. Invesco QQQ has a 12-month low of $395.34 and a 12-month high of $530.61.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.51%.

Invesco QQQ 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.