WealthPlan Investment Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1,040.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,150 shares of the exchange traded fund's stock after buying an additional 10,172 shares during the quarter. WealthPlan Investment Management LLC's holdings in Invesco QQQ were worth $5,442,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of QQQ. Northeast Investment Management lifted its stake in Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund's stock valued at $1,697,000 after acquiring an additional 20 shares in the last quarter. Prospect Financial Services LLC increased its position in shares of Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund's stock worth $3,059,000 after purchasing an additional 21 shares during the last quarter. Skyline Advisors Inc. increased its position in shares of Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund's stock worth $215,000 after purchasing an additional 21 shares during the last quarter. Madden Advisory Services Inc. increased its position in shares of Invesco QQQ by 0.9% during the 3rd quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund's stock worth $1,214,000 after purchasing an additional 21 shares during the last quarter. Finally, Sweeney & Michel LLC increased its position in shares of Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund's stock worth $286,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
NASDAQ:QQQ opened at $513.84 on Tuesday. Invesco QQQ has a twelve month low of $375.24 and a twelve month high of $515.58. The stock's 50 day moving average price is $485.37 and its two-hundred day moving average price is $472.57.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, September 23rd.
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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