Sterling Financial Planning Inc. Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Sterling Financial Planning Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,735 shares of the exchange traded fund’s stock after buying an additional 27 shares during the quarter. Invesco QQQ accounts for approximately 1.2% of Sterling Financial Planning Inc.’s holdings, making the stock its 27th largest holding. Sterling Financial Planning Inc.’s holdings in Invesco QQQ were worth $2,758,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Ironwood Wealth Management LLC. boosted its position in Invesco QQQ by 7.4% during 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 purchasing an additional 381 shares during the period. Axiom Financial Strategies LLC boosted its position in Invesco QQQ by 11.6% during the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 85 shares during the period. Roundview Capital LLC boosted its position in Invesco QQQ by 0.9% during the 1st quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock valued at $19,332,000 after purchasing an additional 495 shares during the period. Brown Brothers Harriman & Co. boosted its position in Invesco QQQ by 11.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock valued at $997,000 after purchasing an additional 278 shares during the period. Finally, Covestor Ltd boosted its position in Invesco QQQ by 309.2% during the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after purchasing an additional 337 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.6 %

NASDAQ:QQQ traded down $2.43 during midday trading on Thursday, reaching $423.41. 46,045,029 shares of the company traded hands, compared to its average volume of 45,625,719. Invesco QQQ has a twelve month low of $309.89 and a twelve month high of $449.34. The company has a fifty day moving average price of $438.24 and a 200 day moving average price of $407.40.

Invesco QQQ Dividend Announcement

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

Invesco QQQ Company 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.