Ignite Planners LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Ignite Planners LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,312 shares of the exchange traded fund’s stock after purchasing an additional 167 shares during the period. Ignite Planners LLC’s holdings in Invesco QQQ were worth $2,236,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas bought a new position in shares of Invesco QQQ in the 3rd quarter valued at about $62,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares during the last quarter. Providence Capital Advisors LLC bought a new position in shares of Invesco QQQ in the 2nd quarter valued at about $76,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Invesco QQQ in the 3rd quarter valued at about $91,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1 %

Shares of NASDAQ:QQQ opened at $505.08 on Wednesday. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The company has a 50-day moving average price of $515.57 and a 200 day moving average price of $491.47.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.