Consolidated Planning Corp Sells 10,033 Shares of Invesco QQQ (NASDAQ:QQQ)

Consolidated Planning Corp trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 45.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,807 shares of the exchange traded fund’s stock after selling 10,033 shares during the quarter. Consolidated Planning Corp’s holdings in Invesco QQQ were worth $4,835,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in QQQ. Red Tortoise LLC grew its stake in shares of Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Invesco QQQ during the fourth quarter worth $41,000. Bear Mountain Capital Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter worth $42,000. Core Wealth Advisors Inc. grew its stake in shares of 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, Blume Capital Management Inc. grew its stake in shares of Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 3,500 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $6.55 during midday trading on Friday, reaching $431.00. 41,874,907 shares of the company were exchanged, compared to its average volume of 47,550,872. The stock’s 50-day moving average price is $436.88 and its 200-day moving average price is $410.11. Invesco QQQ has a one year low of $315.05 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.53%.

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.