Quantum Financial Planning Services Inc. Invests in Invesco QQQ

Quantum Financial Planning Services Inc. recently announced the acquisition of a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter. This information was disclosed in their most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,222 shares of the exchange-traded fund, estimated to be valued at around $625,000. As a result, Invesco QQQ now constitutes approximately 0.3% of Quantum Financial Planning Services Inc.’s overall investment portfolio, positioning it as the 14th largest investment within their holdings.

Other Institutional Investors' Activity

In addition to Quantum Financial Planning Services Inc., numerous other hedge funds and institutional investors have also adjusted their positions regarding Invesco QQQ. For instance, Strategic Advocates LLC increased its stake by 1.9% in the fourth quarter, bringing its total ownership to 50,208 shares valued at $25,668,000 after acquiring an extra 923 shares during this time frame.

Similarly, Sonora Investment Management Group LLC raised its investment in Invesco QQQ by 18.8% in the fourth quarter, now owning 5,108 shares valued at $2,612,000 after an additional purchase of 810 shares. Barnes Pettey Financial Advisors LLC also expanded its stake by 25.6%, holding 1,511 shares valued at $773,000 after acquiring 308 more shares.

Moreover, Cibc World Market Inc. significantly boosted its position by 90.0%, now owning 686,117 shares worth $350,764,000 following the purchase of an additional 324,948 shares in the last quarter. Clarity Financial LLC raised its stake by 18.7%, resulting in ownership of 565 shares valued at $289,000, gaining 89 shares during that period. Overall, institutional investors and hedge funds own approximately 44.58% of Invesco QQQ stock.

Invesco QQQ Stock Overview

The shares of Invesco QQQ opened at $523.05 recently. The stock has experienced a 52-week low of $413.07 and a 52-week high of $539.15. Its 50-day moving average is $518.86, while its 200-day moving average stands at $493.75.

Dividend Declaration

Additionally, Invesco QQQ announced a dividend, which was paid out on December 31st. Shareholders who were on record as of December 23rd received a dividend of $0.8347 per share, with the ex-dividend date set on December 23rd.

Invesco QQQ Company Background

Invesco QQQ Trust, Series 1, operates as a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stocks. Its primary investment objective is to deliver investment results that generally correspond to the performance and yield of the Nasdaq-100 Index. This trust allows investors to acquire units of beneficial interest, representing proportionate and undivided interests in its portfolio of securities, which closely aligns with the component securities of the Nasdaq-100 Index.

Investment, Funds, ETF