Ignite Planners LLC Has $4.57 Million Stock Position in Invesco QQQ $QQQ

Ignite Planners LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,149 shares of the exchange traded fund’s stock after buying an additional 160 shares during the quarter. Invesco QQQ makes up 0.7% of Ignite Planners LLC’s holdings, making the stock its 29th largest holding. Ignite Planners LLC’s holdings in Invesco QQQ were worth $4,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. ETF Portfolio Partners Inc. increased its holdings in shares of Invesco QQQ by 3.1% during the 2nd quarter. ETF Portfolio Partners Inc. now owns 32,362 shares of the exchange traded fund’s stock worth $17,852,000 after purchasing an additional 977 shares during the period. Castle Rock Wealth Management LLC lifted its stake in shares of Invesco QQQ by 32.8% in the second quarter. Castle Rock Wealth Management LLC now owns 7,740 shares of the exchange traded fund’s stock valued at $4,378,000 after buying an additional 1,912 shares during the period. Morton Capital Management LLC CA grew its position in Invesco QQQ by 53.5% during the second quarter. Morton Capital Management LLC CA now owns 8,019 shares of the exchange traded fund’s stock worth $4,424,000 after buying an additional 2,796 shares in the last quarter. Gainplan LLC bought a new position in Invesco QQQ during the second quarter valued at about $38,853,000. Finally, WESPAC Advisors LLC increased its stake in Invesco QQQ by 9.6% during the second quarter. WESPAC Advisors LLC now owns 2,253 shares of the exchange traded fund’s stock valued at $1,243,000 after acquiring an additional 198 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 2.0%

Shares of QQQ stock opened at $608.40 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The stock has a 50 day moving average of $605.20 and a two-hundred day moving average of $563.62.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd.

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.