Capasso Planning Partners LLC Sells 1,335 Shares of Invesco QQQ (NASDAQ:QQQ)

Capasso Planning Partners LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,304 shares of the exchange traded fund's stock after selling 1,335 shares during the period. Invesco QQQ accounts for about 0.9% of Capasso Planning Partners LLC's holdings, making the stock its 19th biggest position. Capasso Planning Partners LLC's holdings in Invesco QQQ were worth $3,077,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QQQ. Vanguard Group Inc. lifted its holdings in shares of Invesco QQQ by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund's stock worth $7,779,000 after acquiring an additional 832 shares during the last quarter. Lantz Financial LLC purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at about $214,000. Naples Global Advisors LLC raised its holdings in shares of Invesco QQQ by 3.0% during the 2nd quarter. Naples Global Advisors LLC now owns 3,153 shares of the exchange traded fund's stock valued at $1,513,000 after buying an additional 92 shares in the last quarter. Brookstone Capital Management lifted its position in Invesco QQQ by 5.7% in the 2nd quarter. Brookstone Capital Management now owns 359,201 shares of the exchange traded fund's stock worth $173,052,000 after buying an additional 19,484 shares during the last quarter. Finally, WealthCare Investment Partners LLC boosted its stake in Invesco QQQ by 0.4% in the second quarter. WealthCare Investment Partners LLC now owns 43,383 shares of the exchange traded fund's stock worth $20,785,000 after buying an additional 154 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.8 %

Shares of QQQ stock traded up $4.03 during trading hours on Friday, hitting $530.53. 28,764,564 shares of the company's stock were exchanged, compared to its average volume of 37,204,984. Invesco QQQ has a 12-month low of $395.34 and a 12-month high of $533.17. The business's 50 day simple moving average is $502.92 and its 200-day simple moving average is $483.29.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, September 23rd.

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.