Sensible Financial Planning & Management LLC. Takes $314,000 Position in Invesco QQQ (NASDAQ:QQQ)

Sensible Financial Planning & Management LLC. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 644 shares of the exchange traded fund’s stock, valued at approximately $314,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Prospect Financial Services LLC lifted its stake in Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after buying an additional 21 shares during the last quarter. Skyline Advisors Inc. grew its position in shares of Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after acquiring an additional 21 shares during the last quarter. Sweeney & Michel LLC increased its holdings in shares of Invesco QQQ by 4.0% in the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after acquiring an additional 22 shares during the period. Family Firm Inc. raised its position in Invesco QQQ by 3.1% in the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 22 shares during the last quarter. Finally, MPS Loria Financial Planners LLC boosted its stake in Invesco QQQ by 0.8% during the 3rd quarter. MPS Loria Financial Planners LLC now owns 2,656 shares of the exchange traded fund’s stock worth $1,297,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $4.01 on Friday, reaching $487.86. The company’s stock had a trading volume of 4,564,693 shares, compared to its average volume of 38,499,777. Invesco QQQ has a 52-week low of $360.30 and a 52-week high of $503.52. The stock’s 50-day moving average is $481.65 and its two-hundred day moving average is $468.15.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.56%.

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.