Beacon Financial Planning Inc. Sells 2,313 Shares of Invesco QQQ $QQQ

Beacon Financial Planning Inc. lessened its position in Invesco QQQ (NASDAQ:QQQ) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,200 shares of the exchange traded fund’s stock after selling 2,313 shares during the period. Invesco QQQ comprises approximately 12.1% of Beacon Financial Planning Inc.’s holdings, making the stock its 2nd biggest holding. Beacon Financial Planning Inc.’s holdings in Invesco QQQ were worth $21,624,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC lifted its position in Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after buying an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new position in Invesco QQQ during the 1st quarter worth about $2,775,904,000. Northwestern Mutual Wealth Management Co. lifted its position in Invesco QQQ by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock worth $1,501,063,000 after buying an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after buying an additional 54,944 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4%

Shares of NASDAQ QQQ opened at $596.10 on Thursday. The firm’s 50-day simple moving average is $574.71 and its 200 day simple moving average is $525.78. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $602.87.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%.

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.