Plancorp LLC Has $4.54 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Plancorp LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 10.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,471 shares of the exchange traded fund’s stock after purchasing an additional 931 shares during the period. Plancorp LLC’s holdings in Invesco QQQ were worth $4,538,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the 1st quarter valued at about $28,000. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth $29,000. Mechanics Financial Corp bought a new position in Invesco QQQ in the 2nd quarter valued at about $30,000. Legacy Bridge LLC raised its position in Invesco QQQ by 800.0% during 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 in the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ during the 4th quarter worth $35,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $473.24 on Tuesday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The company’s 50 day moving average is $469.61 and its 200-day moving average is $457.60.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. The ex-dividend date was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

About Invesco QQQ

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.