Capasso Planning Partners LLC Has $1.12 Million Holdings in Invesco QQQ $QQQ

Capasso Planning Partners LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 43.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,037 shares of the exchange traded fund’s stock after selling 1,535 shares during the period. Invesco QQQ accounts for 0.6% of Capasso Planning Partners LLC’s portfolio, making the stock its 25th largest holding. Capasso Planning Partners LLC’s holdings in Invesco QQQ were worth $1,124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Aspect Partners LLC boosted its position in Invesco QQQ by 27.6% in the 2nd quarter. Aspect Partners LLC now owns 3,111 shares of the exchange traded fund’s stock valued at $1,716,000 after buying an additional 673 shares during the last quarter. RPS Advisory Solutions LLC raised its position in shares of Invesco QQQ by 462.2% during the second quarter. RPS Advisory Solutions LLC now owns 21,274 shares of the exchange traded fund’s stock worth $11,736,000 after acquiring an additional 17,490 shares during the last quarter. Nvwm LLC lifted its stake in shares of Invesco QQQ by 331.9% during the second quarter. Nvwm LLC now owns 1,274 shares of the exchange traded fund’s stock valued at $703,000 after acquiring an additional 979 shares during the period. Destiny Capital Corp CO boosted its holdings in Invesco QQQ by 5.6% in the second quarter. Destiny Capital Corp CO now owns 29,818 shares of the exchange traded fund’s stock valued at $16,449,000 after acquiring an additional 1,584 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in Invesco QQQ in the second quarter valued at about $225,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3%

Shares of QQQ stock opened at $609.74 on Friday. The firm’s 50 day moving average price is $601.34 and its two-hundred day moving average price is $559.22. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

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

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.