Ignite Planners LLC Lowers Stock Position in Invesco QQQ (NASDAQ:QQQ)

Ignite Planners LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,145 shares of the exchange traded fund’s stock after selling 61 shares during the quarter. Ignite Planners LLC’s holdings in Invesco QQQ were worth $2,023,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Bath Savings Trust Co raised its position in Invesco QQQ by 12.7% during the 3rd quarter. Bath Savings Trust Co now owns 665 shares of the exchange traded fund’s stock worth $325,000 after buying an additional 75 shares during the last quarter. Greenfield Savings Bank increased its stake in shares of Invesco QQQ by 4.6% in the third quarter. Greenfield Savings Bank now owns 7,081 shares of the exchange traded fund’s stock worth $3,456,000 after acquiring an additional 311 shares during the period. Threadgill Financial LLC purchased a new position in shares of Invesco QQQ during the third quarter worth $472,000. Security National Bank lifted its position in Invesco QQQ by 18.6% during the third quarter. Security National Bank now owns 1,372 shares of the exchange traded fund’s stock valued at $670,000 after purchasing an additional 215 shares during the period. Finally, EWG Elevate Inc. boosted its holdings in Invesco QQQ by 112.0% in the third quarter. EWG Elevate Inc. now owns 4,930 shares of the exchange traded fund’s stock valued at $2,406,000 after purchasing an additional 2,604 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.1 %

NASDAQ QQQ opened at $482.10 on Tuesday. The stock has a 50-day simple moving average of $469.56 and a two-hundred day simple moving average of $461.81. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, September 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.