Sterling Financial Planning Inc. Has $2.76 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Sterling Financial Planning Inc. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,735 shares of the exchange traded fund’s stock after buying an additional 27 shares during the quarter. Invesco QQQ makes up 1.2% of Sterling Financial Planning Inc.’s portfolio, making the stock its 27th largest position. Sterling Financial Planning Inc.’s holdings in Invesco QQQ were worth $2,758,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Red Tortoise LLC boosted its holdings in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 74 shares during the last quarter. Friedenthal Financial bought a new position in Invesco QQQ during the fourth quarter worth about $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ during the fourth quarter worth about $42,000. Core Wealth Advisors Inc. boosted its holdings in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 30 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Invesco QQQ during the second quarter worth about $44,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ traded down $2.43 during midday trading on Thursday, reaching $423.41. 46,045,029 shares of the company were exchanged, compared to its average volume of 45,625,719. Invesco QQQ has a one year low of $309.89 and a one year high of $449.34. The stock’s 50-day simple moving average is $438.24 and its 200 day simple moving average is $407.40.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

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.