Mark Sheptoff Financial Planning LLC Has $420,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Mark Sheptoff Financial Planning LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 876 shares of the exchange traded fund’s stock after selling 80 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Invesco QQQ were worth $420,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the 1st quarter worth $28,000. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ during the first quarter worth about $29,000. Mechanics Financial Corp bought a new stake in shares of Invesco QQQ during the 2nd quarter worth $30,000. Legacy Bridge LLC lifted its stake in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new position in Invesco QQQ during the fourth quarter worth about $35,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $471.44 on Thursday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The firm has a fifty day moving average price of $468.49 and a two-hundred day moving average price of $457.89.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a dividend yield of 0.65%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th.

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.