Capasso Planning Partners LLC Has $2.03 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Capasso Planning Partners LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 37.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,963 shares of the exchange traded fund’s stock after selling 2,341 shares during the period. Invesco QQQ makes up 0.8% of Capasso Planning Partners LLC’s holdings, making the stock its 26th largest position. Capasso Planning Partners LLC’s holdings in Invesco QQQ were worth $2,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of QQQ. GAMMA Investing LLC raised its stake in Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. boosted its position in Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares during the period. NRI Wealth Management LC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $28,729,000. Garden State Investment Advisory Services LLC boosted its position in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after acquiring an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC increased its holdings in Invesco QQQ by 16.8% in the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock worth $23,165,000 after purchasing an additional 6,518 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.2 %

Shares of NASDAQ QQQ opened at $471.60 on Wednesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The firm’s 50-day moving average price is $517.19 and its 200-day moving average price is $504.07. The firm has a market capitalization of $297.23 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Company 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.