Planned Solutions Inc. Takes $7.36 Million Position in Invesco QQQ (NASDAQ:QQQ)

Planned Solutions Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,965 shares of the exchange traded fund’s stock, valued at approximately $7,357,000. Invesco QQQ accounts for 3.4% of Planned Solutions Inc.’s portfolio, making the stock its 9th biggest holding.

Other large investors have also made changes to their positions in the company. Ironwood Wealth Management LLC. increased its stake in Invesco QQQ by 7.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock valued at $1,996,000 after buying an additional 381 shares during the period. Axiom Financial Strategies LLC increased its stake in Invesco QQQ by 11.6% in the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock valued at $255,000 after buying an additional 85 shares during the period. Roundview Capital LLC increased its stake in Invesco QQQ by 0.9% in the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock valued at $19,332,000 after buying an additional 495 shares during the period. Brown Brothers Harriman & Co. increased its stake in Invesco QQQ by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock valued at $997,000 after buying an additional 278 shares during the period. Finally, Covestor Ltd increased its stake in Invesco QQQ by 309.2% in the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after buying an additional 337 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $444.83 on Thursday. Invesco QQQ has a 12 month low of $304.77 and a 12 month high of $449.34. The firm has a 50 day moving average of $433.08 and a two-hundred day moving average of $399.34.

Invesco QQQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.52%. The ex-dividend date is Monday, March 18th.

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.