Ignite Planners LLC Buys 3,677 Shares of Invesco QQQ (NASDAQ:QQQ)

Ignite Planners LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 85.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 7,989 shares of the exchange traded fund’s stock after purchasing an additional 3,677 shares during the quarter. Ignite Planners LLC’s holdings in Invesco QQQ were worth $3,848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. NWI Management LP increased its stake in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after buying an additional 3,648,000 shares during the period. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Senator Investment Group LP bought a new stake in Invesco QQQ in the fourth quarter worth approximately $679,936,000. Spear Holdings RSC Ltd bought a new stake in shares of Invesco QQQ during the 1st quarter worth $474,600,000. Finally, Asset Planning Services Inc. LA ADV raised its stake in Invesco QQQ by 100,517.9% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund’s stock valued at $437,375,000 after purchasing an additional 931,801 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ opened at $564.17 on Tuesday. The firm has a 50-day moving average price of $534.38 and a two-hundred day moving average price of $507.13. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $566.06.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%.

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.