Beacon Financial Planning Inc. Has $21.24 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Beacon Financial Planning Inc. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,554 shares of the exchange traded fund’s stock after selling 556 shares during the period. Invesco QQQ accounts for 12.4% of Beacon Financial Planning Inc.’s portfolio, making the stock its 2nd largest position. Beacon Financial Planning Inc.’s holdings in Invesco QQQ were worth $21,243,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Tanager Wealth Management LLP grew its holdings in shares of Invesco QQQ by 7.0% in the fourth quarter. Tanager Wealth Management LLP now owns 2,230 shares of the exchange traded fund’s stock worth $1,140,000 after purchasing an additional 145 shares during the last quarter. RFG Holdings Inc. boosted its position in Invesco QQQ by 0.5% in the 4th quarter. RFG Holdings Inc. now owns 81,730 shares of the exchange traded fund’s stock valued at $41,797,000 after buying an additional 387 shares during the period. Greenwood Capital Associates LLC grew its stake in Invesco QQQ by 93.2% in the 4th quarter. Greenwood Capital Associates LLC now owns 8,708 shares of the exchange traded fund’s stock worth $4,452,000 after acquiring an additional 4,201 shares in the last quarter. Stephens Consulting LLC increased its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after acquiring an additional 19 shares during the period. Finally, Welch Group LLC increased its position in shares of Invesco QQQ by 2.7% during the fourth quarter. Welch Group LLC now owns 3,744 shares of the exchange traded fund’s stock worth $1,930,000 after acquiring an additional 98 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.2 %

Shares of NASDAQ QQQ opened at $524.47 on Wednesday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The stock has a 50 day moving average price of $519.78 and a 200 day moving average price of $494.47.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.